SCM Acquires 51% Stake in Mecal Machinery

SCM Acquires 51% Stake in Mecal Machinery

ITALY – SCM Group has acquired a 51% stake in Mecal Machinery, a leading manufacturer of machinery and systems for processing aluminium, PVC, and light alloys. This acquisition strengthens SCM Group's portfolio, offering advanced technological solutions for industries...

Homag Group Sales Down 13.8% in 3Q-2024

GERMANY - In the third quarter of 2024, Homag Group reported a 12.2% increase in order intake, reaching EUR 332.7 million, compared to EUR 296.6 million in the same period of 2023. However, sales declined by 13.8%, falling to EUR 349.5 million from EUR 405.5 million...

Dieffenbacher Acquires Pagnoni Impianti

ITALY - Effective October 7, 2024, Dieffenbacher , a leading German machine and plant manufacturer, has acquired the Italian family-owned company Pagnoni Impianti S.r.l., located in Aicurzio, about 30 kilometers northeast of Milan. The company will now operate under...

SCM Inaugurates New Subsidiary in Slovenia

SLOVENIA - SCM has inaugurated its new subsidiary, SCM Adria, in Slovenia, aimed at providing specialized sales and service support to woodworking businesses in Slovenia and Serbia. The opening ceremony on September 26 featured local dignitaries, highlighting the...

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