Electromechanical competence to be expanded

Festo AG, a group of companies in the industrial automation sector headquartered in Esslingen am Neckar, Germany, is taking over two Swiss companies, Eichenberger Gewinde AG and Eichenberger Motion AG from Burg, as part of a succession arrangement. The transaction is still subject to approval under competition law.

The shareholders of the Eichenberger Group are pleased about the takeover by Festo, as it means the succession process at Eichenberger can be solved for the benefit of the employees and to ensure the security of the site in Burg in a sustainable manner over the long term.