MHI AND PRIMETALS TECHNOLOGIES TO ACQUIRE ABP INDUCTION SYSTEMS
By abduct
Published On July 26, 2019
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MHI AND PRIMETALS TECHNOLOGIES TO ACQUIRE ABP INDUCTION SYSTEMS
JULY 26, 2019
Mitsubishi Heavy Industries (MHI) and Primetals Technologies will acquire ABP Induction Systems (ABP) from CM Acquisitions
Dortmund, July 17, 2019: Mitsubishi Heavy Industries (MHI) and Primetals Technologies will acquire ABP Induction Systems (ABP), a global manufacturer and servicer of induction furnaces and heating systems from CM Acquisitions, a Chicago based private equity firm. ABP offers a variety of best-in-class products and comprehensive services to blue-chip customers, including leading automotive OEMs and suppliers, industrial manufacturers, independent foundries as well as steel plant manufacturers and steel producers. MHI and Primetals Technologies will jointly take ABP’s shares. Future business activities will be conducted in close cooperation with and under the leadership of Primetals Technologies. The completion of the acquisition of ABP is subject to the approval of the relevant authorities, and is planned to close around the end of August, 2019.
ABP provides state-of-the-art equipment for ferrous and non-ferrous metal casting, forging and steel making. Its main products are induction melting, holding and pouring furnaces as well as induction heaters. ABP’s business is built upon a large and global customer base with more than 1,600 active units worldwide. ABP also has a core competence in the service business and provides comprehensive aftermarket solutions to customers though the entire product lifecycle. Service centers are strategically located close to the major industrial areas in Germany, the United States, China, India, Mexico, Russia, South Africa, Sweden and Thailand.
ABP also exclusively provides special induction heaters to Primetals Technologies for endless strip production, which helps provide a competitive edge.
“ABP’s induction heaters are one of the most crucial elements for endless strip production, a flagship process for Primetals Technologies. With ABP becoming one of MHI’s group companies and the further close ties that will bring, we can develop and provide customers with even more advanced technologies. Also, with the acquisition of ABP, we combine its competence in induction heating and related activities with our know-how as a worldwide engineering, plant-building, lifecycle services and digitalization partner for the metals industry,” said Satoru Iijima, Chairman of the Board and CEO of Primetals Technologies. “ABP´s well-experienced portfolio and its know-how will certainly complement our wide range of customer plants, namely mini mills and long rolling plants, especially in emerging markets, as well as in endless strip production.”
Till Schreiter, CEO of ABP, added: “ABP’s state-of-art induction products and technology-driven culture will fit well with both shareholders. Through a closer tie-up with MHI and Primetals Technologies, ABP can pursue further growth potentials, which will also lead to a contribution to them.” With MHI and Primetals Technologies, ABP has access to their resources worldwide, which will improve ABP´s global market presence, provide opportunities to develop new business sectors, and drive digitalization. “This will assure long-term stability for our facilities, employees and customers”.
ABP will be a group company of MHI under the ownership of Mitsubishi Heavy Industries America, Inc., headquartered in Houston, Texas, and Primetals Technologies USA LLC, Alpharetta, Georgia.
About ABP Induction
ABP is a leading supplier of induction furnaces and heating systems for the metals and metalworking industries. With design, production, assembly and aftermarket services for foundries, forging and steel plants, we are experts in melting, pouring, holding and heating of iron, steel and nonferrous metals. With over 400 highly skilled employees worldwide as well as sales, manufacturing and aftermarket locations in the United States, Germany, Sweden, Mexico, Thailand, India, China, South Africa and Russia, ABP can supply products and services to all regions of the globe. Regardless of where your company is located, ABP’s dedicated and experienced team stands ready to support you anytime, anywhere.
Press contact
ABP Induction Systems GmbH
Ulrike Szymura
Kanalstr. 25
44147 Dortmund
Tel: +49 231 997 2633
E-Mail: ulrike.szymura@abpinduction.com
24/7 EMERGENCY-HOTLINES
USA: +1 732 422 3350
INDIA: +91 2667 264808
CHINA: +86 40 0820 7669
GERMANY: +49 231 997 1111
OUR LOCATIONS
United States
ABP Induction LLC
1460 Livingston Ave.
North Brunswick, NJ 08902
Telephone: +1 732 – 932 – 6400
Fax: +1 732 – 828 – 7274
GERMANY
ABP Induction Systems GmbH
Kanalstraße 25
44147 Dortmund
Telephone: +49 231 – 997 – 0
Fax: +49 231 – 997 – 2293
info@abpinduction.com
RUSSIA
ABP Induction Systems GmbH
Branch Office
Ryazanski prospect, 75/4
109456 Moscow
Telephone: +7 (495) 620 57 26
Fax: +7 (495) 620 57 26
INDIA
ABP Induction Systems Pvt. Ltd.
E-120 / Unit-2, Manjusar GIDC Industrial Area
Opp. Du Pont factory.
Savli – 391775, Vadodara
Telephone: +91 2667 264808/809 Fax
: +91 2667 264808/810
CHINA
ABP Induction Systems (Shanghai) Co. Ltd.
No.118, Lane 289 Fulian II Rd.Baoshan
District,
Shanghai 201906
Telephone: +86 21 – 5639 1278
Fax: +86 21 – 5639 0822
MEXICO
ABP Induction Systems SRL de CV
Priv. La Puerta 2882-4
Parque Ind.La Puerta
Santa Catarina, NL 66350
Telephone: +52 81 8390 – 2775
SOUTH AFRICA
ABP Induction Furnaces (PTY) Ltd.
77 Heidelberg Rd.City
Deep / Johannesburg
Telephone: +27 11 623
1814/17 Fax: +27 11 623 1809
SWEDEN
ABP Induction AB
Spännarhyttans Ind. Område
738 92 Norberg
Telephone: +46 223 23135 Fax
: +46 223 21429
THAILAND
ABP Induction Ltd.
80/1 Moo 11, Phaholyothin Road
Tambol Klong Nueng
Amphur Klong Luang
Pathumthanee 12120
Telephone: +66 25 29 34 57
Fax: +66 25 29 34 84
