MAG US mergers and acquisitions will come to an end

Abstract French industrial engineering group “FIVES” is acquiring American company MAG Group. MAG Group USA is a professional supplier of high-end large-scale composite parts processing solutions and composite materials processing. It works in multiple jobs...
French industrial engineering group "FIVES" is acquiring MAG Group USA. MAG Group USA is a professional supplier of high-end large-scale composite parts processing solutions and composite materials processing. It has a lot of performance in many industrial fields, such as aerospace, oil and gas, mining, agricultural machinery and engineering machinery.

Dan Janka, president of MAG USA, said: "We are very much looking forward to joining FIVES. The main reason is that our capabilities, technology and business have almost no overlap and are highly complementary. We have a number of blue chip customers, both of which have large international standards. Project experience and capabilities. In addition, we share a common social responsibility, corporate culture, investment in employees, and a strong R&D system that will give our customers a greater competitive advantage. We look forward to expanding our capabilities through mergers and acquisitions. To provide customers with a competitive advantage at a deeper level and in a wider range."

The scope of FIVES acquisitions includes: Giddings & Lewis, Cincinnati and Forest-Liné, mainly in composite processing and large metal cutting machines, as well as in the after-sales service sector.

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1.PPFD Value : PPFD is Photosynthetic Photon Flux Density. When you choose a plant light, you should compare the PPFD values of different plant lights. The larger the value, the better the growth of the plant.

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