Gitemai and Mori Seiki participate in mutual cooperation
Recently, Germany Gitemai Co., Ltd. (hereinafter referred to as "Jitmai") ​​signed a cooperation agreement with Japanese machine tool manufacturer Mori Seiki Co., Ltd. (hereinafter referred to as "Mori Seiki"). Both parties hold 5% of each other's shares and cooperate in production, procurement, equipment development, and sales and service in specific markets. This news was also announced on Gitmai's website.
This “win-win†cooperation aims to achieve a common interest of 15 million euros per year. Gitemai first bought 2 million shares of Mori Seiki, and later increased to 4.4 million shares, or 5% of shares. Mori Seiki will soon purchase 2.3 million shares of 5% of Gitemai shares through the capital increase of registered capital, excluding equity options. The purchase price is 7.93 euros per share and the total price will reach more than 18 million euros. In this way, Mori Seiki became the largest single shareholder of Gitemai. In addition, the proposal for mutual representation in the management of both parties is already in the pipeline.
The Gitemai Group is one of the world's largest manufacturers of metal cutting equipment. It has 69 sales and service companies, more than 6,000 employees worldwide, 10 factories in Europe and 1 factory in Shanghai. In 1993, the Gitemai Group acquired DECKEL and MAHO and established the DMG Sales Company (DMG). In fiscal 2008, Gitemai's machine tool sales were US$2.5 billion, ranking third in the world's machine tool industry.
Mori Seiki is an old company with a history of 60 years. At the end of 2006, it acquired the famous Swiss machine tool manufacturer DIXI MACHINES and has a factory in Europe. Recently, Sun Machine and Hitachi Seiki were acquired. In the fiscal year of 2008, Mori Seiki's sales revenue was 1.77 billion US dollars, ranking sixth in the world machine tool industry.
For this cooperation, Dr. Rudiger Kapitza, Chairman of the Board of Directors of Gitemai, said: "The machine tool field has become global. The strong and strong alliance is required to cope with and overcome this international financial crisis. We will integrate our resources to play a common role. The efficiency advantage."
The outside world has given a positive response to the "strong cooperation" in the forefront of the world machine tool industry. It is reported that after the decision was announced, Gitemai's share price rose by 13%, and Mori Seiki's share price rose by 5%.
Relevant experts in the domestic industry said that this cooperation event is worthy of attention, but the future industry trend is difficult to predict. Liang Xunqi, honorary chairman of China Machine Tool & Tool Industry Association, said that the machine made by Gitemai is world-famous, and Mori Seiki can be the world's most accurate machining center, and these two companies belong to the two countries with the strongest machine tool manufacturing industry in Germany and Japan, their "international joint action" has far-reaching significance.
Professor Yu Shengmei from the Beijing Machine Tool Research Institute said that the competition in the machine tool industry is very fierce. The phenomenon of mergers, reorganizations and infiltrations among enterprises is very common. This is also a way for the industry to adjust under the financial crisis. This non-radical and gentle cooperation between Gitemai and Mori Seiki is only for mutual participation and limited to capital operation. It is estimated that the mode of product operation will not change, the mainstream products will remain unchanged, and there will be no technical exchanges. . It is inferred that in terms of complete technical cooperation, it is still difficult for the two sides to achieve obvious advantages, but it will be easier for them to enter the other side's domestic market. Under this mode of cooperation, no one can become the real boss of the other company.
In the 20th century, the world machine tool industry had several major integration adjustment periods. In the 1950s and 1960s, the machine tool industry in Europe and the United States revitalized, and the machine tool industry made great progress. After the 1980s and 1980s, after the machine tools entered the field of automation, a large number of small and medium-sized enterprises were formed. In the 1980s and 1990s, the US manufacturing industry entered a recession. There is a clear trend in restructuring and consolidation within the industry. Professor Yu talked about a point of view, that is, "the long-term must be divided, the long-term must be combined." In capitalist countries, for the maximization of corporate interests, mergers and separations are a routine for market economy exercises. Any industry or enterprise cannot escape this law. Whether it has entered a reorganization and integration period now, it is still not conclusive.
In contrast to the development of the domestic machine tool industry, Professor Yu asserts that within five years, China's machine tool industry will certainly have a restructuring. This is closely related to the rapid growth of the industry, the excessive number of machine tool companies, the fierce competition of enterprises, the low profit, and the current economic situation. Some machine tool companies may merge, reorganize, and close down.
This “win-win†cooperation aims to achieve a common interest of 15 million euros per year. Gitemai first bought 2 million shares of Mori Seiki, and later increased to 4.4 million shares, or 5% of shares. Mori Seiki will soon purchase 2.3 million shares of 5% of Gitemai shares through the capital increase of registered capital, excluding equity options. The purchase price is 7.93 euros per share and the total price will reach more than 18 million euros. In this way, Mori Seiki became the largest single shareholder of Gitemai. In addition, the proposal for mutual representation in the management of both parties is already in the pipeline.
The Gitemai Group is one of the world's largest manufacturers of metal cutting equipment. It has 69 sales and service companies, more than 6,000 employees worldwide, 10 factories in Europe and 1 factory in Shanghai. In 1993, the Gitemai Group acquired DECKEL and MAHO and established the DMG Sales Company (DMG). In fiscal 2008, Gitemai's machine tool sales were US$2.5 billion, ranking third in the world's machine tool industry.
Mori Seiki is an old company with a history of 60 years. At the end of 2006, it acquired the famous Swiss machine tool manufacturer DIXI MACHINES and has a factory in Europe. Recently, Sun Machine and Hitachi Seiki were acquired. In the fiscal year of 2008, Mori Seiki's sales revenue was 1.77 billion US dollars, ranking sixth in the world machine tool industry.
For this cooperation, Dr. Rudiger Kapitza, Chairman of the Board of Directors of Gitemai, said: "The machine tool field has become global. The strong and strong alliance is required to cope with and overcome this international financial crisis. We will integrate our resources to play a common role. The efficiency advantage."
The outside world has given a positive response to the "strong cooperation" in the forefront of the world machine tool industry. It is reported that after the decision was announced, Gitemai's share price rose by 13%, and Mori Seiki's share price rose by 5%.
Relevant experts in the domestic industry said that this cooperation event is worthy of attention, but the future industry trend is difficult to predict. Liang Xunqi, honorary chairman of China Machine Tool & Tool Industry Association, said that the machine made by Gitemai is world-famous, and Mori Seiki can be the world's most accurate machining center, and these two companies belong to the two countries with the strongest machine tool manufacturing industry in Germany and Japan, their "international joint action" has far-reaching significance.
Professor Yu Shengmei from the Beijing Machine Tool Research Institute said that the competition in the machine tool industry is very fierce. The phenomenon of mergers, reorganizations and infiltrations among enterprises is very common. This is also a way for the industry to adjust under the financial crisis. This non-radical and gentle cooperation between Gitemai and Mori Seiki is only for mutual participation and limited to capital operation. It is estimated that the mode of product operation will not change, the mainstream products will remain unchanged, and there will be no technical exchanges. . It is inferred that in terms of complete technical cooperation, it is still difficult for the two sides to achieve obvious advantages, but it will be easier for them to enter the other side's domestic market. Under this mode of cooperation, no one can become the real boss of the other company.
In the 20th century, the world machine tool industry had several major integration adjustment periods. In the 1950s and 1960s, the machine tool industry in Europe and the United States revitalized, and the machine tool industry made great progress. After the 1980s and 1980s, after the machine tools entered the field of automation, a large number of small and medium-sized enterprises were formed. In the 1980s and 1990s, the US manufacturing industry entered a recession. There is a clear trend in restructuring and consolidation within the industry. Professor Yu talked about a point of view, that is, "the long-term must be divided, the long-term must be combined." In capitalist countries, for the maximization of corporate interests, mergers and separations are a routine for market economy exercises. Any industry or enterprise cannot escape this law. Whether it has entered a reorganization and integration period now, it is still not conclusive.
In contrast to the development of the domestic machine tool industry, Professor Yu asserts that within five years, China's machine tool industry will certainly have a restructuring. This is closely related to the rapid growth of the industry, the excessive number of machine tool companies, the fierce competition of enterprises, the low profit, and the current economic situation. Some machine tool companies may merge, reorganize, and close down.
With epidemic of the noval coronavirus COVID-19 (SARS-CoV-2) out-breaking currently, many biotech companies are sourcing lab plastic consumables worldwide to control the spreading. We also received many inquiries from different countries. But most inquiries are mainly for some items of us. This page is to help the researchers who need to find out our products that used in COVID-19 quickly, hope it helps.
However, any your inquiries are welcome, please never mind to contact us!
Antigen Extraction,Acid Extraction Tubes,Nasopharyngeal Swab,Antigen Rapid Test Cassette,Test Cassette
Yong Yue Medical Technology(Kunshan) Co.,Ltd , https://www.yongyuemedicals.com