A group of investors under the management of Wilhelm Wippermann AG has acquired GEVAG Schrauben GmbH & Co. KG. In addition to Wippermann jr. GmbH a further company from the metalworking industry is now part of the Wippermann Group. With approx. 300 employees, Wippermann jr. GmbH manufactures high-quality industrial chains and sprockets.

The main reason for the acquisition was that the development and manufacturing technologies as well as the sales structures of both companies are complementary in many aspects. The new GEVAG GmbH has taken over all 72 employees located at Hagen-Haspe and Breckerfeld.

Following a due diligence procedure, the decision to acquire GEVAG was taken quickly in order to provide clarity for the employees, customers and suppliers. GEVAG GmbH will continue as a company with independent prospects within the Wippermann Group.