Feddersen Group Acquires Design Engineering Company
On 29 June 2018, Hamburg-based K.D. Feddersen Holding GmbH acquired all shares of M.TEC Ingenieurgesellschaft für kunststofftechnische Produktentwicklung mbH, a design engineering service provider for product development and plastics engineering based in Herzogenrath near Aachen, Germany.
The current principal shareholder, Dr.-Ing. Volker Gorzelitz, will continue in his capacity as Managing Director and sole authorised representative of the design engineering service provider that focuses on developing holistic products and solutions.
With this acquisition, the Feddersen Group intends to systematically expand its range of services and create problem-solving expertise within the Group by entering the arena of knowledge-based services.
Through M.TEC, the corporate group also gains access to the RWTH Aachen University, an Excellence University in the German educational system and one of the leading technical universities in the world, and in particular to its Institute of Plastics Processing (IKV), which by its own account is the leading institute worldwide for research and training in the field of plastics engineering. This of course also makes the corporate group more attractive for the next generation of engineers and researchers.
M.TEC was founded in 1991 as a spin-off of the Institute of Plastics Processing (IKV) at the RWTH Aachen University.
In addition to its extensive expertise in material characteristics, M.TEC is a full service provider for the complete range of design engineering services:
from project management, development, design and construction, calculation and simulation, component testing and qualification and industrialisation. M.TEC develops innovative products for global players in the automotive, household appliances, building automation, electronic devices and medical technology industries.
"K.D. Feddersen and its subsidiary AKRO-PLASTIC are an innovative force in materials and process development. ..."
Dr.-Ing. Volker Gorzelitz, Managing Director of M.TEC.
"K.D. Feddersen and its subsidiary AKRO-PLASTIC are an innovative force in materials and process development. With our long-term engineering know-how and expertise in product development, we are now in a position to provide excellent holistic and cost-effective solutions within the Feddersen Group.
We believe we are perfectly equipped to meet the special challenges and demands of new industries such as e-mobility and lightweight construction," explains Dr.-Ing. Volker Gorzelitz, Managing Director of M.TEC.
The contracting parties had agreed to maintain confidentiality with regard to the acquisition price of M.TEC.