Starragheckert expands in Great Britain
Starragheckert expands in Great Britain
Starragheckert expands in Great Britain
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
News release<br />
StarragHeckert <strong>expands</strong> <strong>in</strong> <strong>Great</strong> Brita<strong>in</strong><br />
StarragHeckert Hold<strong>in</strong>g AG has purchased 100% of the shares <strong>in</strong> the present Traub<br />
Heckert UK Ltd of Brackley, Northamptonshire, UK, which previously represented<br />
StarragHeckert as its market<strong>in</strong>g company <strong>in</strong> the automotive and mechanical<br />
eng<strong>in</strong>eer<strong>in</strong>g segments. The new subsidiary is to be renamed StarragHeckert UK Ltd.<br />
Over the last three years, the company's 30 employees have generated average<br />
annual sales CHF 16 million, ma<strong>in</strong>ly through market<strong>in</strong>g third-party products. The<br />
exist<strong>in</strong>g country organization will be <strong>in</strong>tegrated <strong>in</strong>to the new company. Overall, this<br />
reorganization will greatly strengthen StarragHeckert's presence <strong>in</strong> the key British<br />
market.<br />
At the same time, StarragHeckert is buy<strong>in</strong>g an <strong>in</strong>itial stake of 40% of the equity of<br />
TTL, Broadfields, UK, with options on further share blocks. TTL is a specialist<br />
software developer which leads the market <strong>in</strong> the area of application technology for<br />
turb<strong>in</strong>e blade repairs; among its customers is the locally based Formula 1 <strong>in</strong>dustry.<br />
The area of turb<strong>in</strong>e blade repair systems is one of StarragHeckert's fastest-grow<strong>in</strong>g<br />
secondary market segments. TTL has around 20 highly qualified development<br />
eng<strong>in</strong>eers, generat<strong>in</strong>g average annual sales of CHF 4.2 million over the last three<br />
years. Through its stake <strong>in</strong> TTL, StarragHeckert is establish<strong>in</strong>g a significant<br />
technology presence <strong>in</strong> <strong>Great</strong> Brita<strong>in</strong>, <strong>in</strong> l<strong>in</strong>e with the group's strategic orientation.<br />
StarragHeckert is a globally active mach<strong>in</strong>e tool manufacturer, with a hold<strong>in</strong>g<br />
company domiciled <strong>in</strong> Rorschacherberg (Switzerland) and production centres <strong>in</strong><br />
Rorschacherberg and Chemnitz (Saxony, Germany), as well as subsidiaries and<br />
sales offices <strong>in</strong> all major markets. The group manufactures mach<strong>in</strong><strong>in</strong>g centres and<br />
flexible manufactur<strong>in</strong>g systems for the aerospace, power generation, automotive and
other <strong>in</strong>dustries. StarragHeckert offers its customers technology support <strong>in</strong>clud<strong>in</strong>g<br />
software, production techniques, cutt<strong>in</strong>g tools etc. StarragHeckert's shares are listed<br />
on the SWX Swiss Exchange.<br />
Rorschacherberg, 17 October 2002 StarragHeckert Hold<strong>in</strong>g AG<br />
Further <strong>in</strong>formation:<br />
Dr. Franz Betschon<br />
Paul J. Maynard<br />
Manag<strong>in</strong>g Director<br />
CEO StarragHeckert Hold<strong>in</strong>g AG TRAUB HECKERT UK Limited<br />
Tel: +41 79 631 24 04 Tel: +44 1280 705482<br />
Fax: +41 71 858 82 09 Fax: +44 1280 705606<br />
FBetschon@ch.starragheckert.com sales@traub-uk.com<br />
www.traub-uk.com<br />
Gerold Brütsch Paul Walton<br />
CFO StarragHeckert Hold<strong>in</strong>g AG CEO TTL<br />
Tel: +41 79 357 37 51 Tel: +44 1296 395215<br />
Fax: +41 71 858 82 09 Fax: +44 1296 392842<br />
GBruetsch@ch.starragheckert.com pw@ttl-3d.co.uk<br />
www.starragheckert.com www.ttl-gas-turb<strong>in</strong>e.com
Change language