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Sale of the MAT Group to Hörmann Services GmbH

At the end of 2017, Mr. Hessel and Mr. Berg, founders of the MAT Group, made a future-oriented decision to stabilize further growth and sold their shares in the productive companies MAT Automationstechnik, MAT Industrieservice and MAT Maschinentechnik to Hörmann Services GmbH.

Hörmann Services GmbH is a company of the Hörmann Group based in Kirchseeon, Germany, which generated consolidated sales of around €465 million in fiscal year 2016 with around 2,800 employees in the three business segments "Automotive", "Engineering" and "Communication". In May 2017, the business model was expanded to include the Services business segment, which offers technical services for high-growth industrial sectors and the public sector.

Behind the scenes, work is currently underway to implement the further integration process without endangering the independence of the individual MAT companies. The main aim is to ensure successful processes, to preserve what is tried and tested, and to discover new opportunities and potential without adversely affecting customer relations. Both the procedures and processes already implemented to ensure that business processes remain competitive, and the familiar contact persons will remain in place.

In parallel, a joint growth strategy will be devised to ensure a successful future. The good technological position is the basis for further targeted investments and the systematic expansion of international activities.