EDAG Engineering Group AG

EDAG expands market presence in North America

DGAP-Media / 03.07.2017 / 09:30 Arbon/Troy (Detroit) 3. July 2017 EDAG Group has acquired 100% of the shares of CKGP/PW & Associates Inc., based in Troy, Michigan, USA with effect from July 1st, 2017. EDAG strengthens the access to the US-American market and extends the range of competencies in the Segment Production Solutions, especially in the areas of production planning and plant engineering, both relevant for industry 4.0.

CKGP/PW & Associates Inc. which has been active in the US market for many years, has firmly established its position among the North American vehicle manufacturers as an engineering partner for production plants. The company offers a comprehensive range of services in the fields of conveyor technology/paintwork planning, material flow and logistics planning as well as manufacturing and process engineering.



EDAG CEO Joerg Ohlsen points out: "The US market offers excellent growth prospects. Until 2020, industry experts expect a growth rate of about 35% to a total market volume of EUR 3.1 billion for automotive engineering service providers^[1]. Additionally, the acquisition represents another step towards establishing EDAG Production Solutions as a general planner for the worldwide development of production plants."

 

The range of services and customer portfolios of the two companies complement one another perfectly. EDAG Production Solutions as globally active engineering specialist for production plants is one of the leading companies in the engineering service industry with more than 1,300 employees. After the acquisition, CKGP/PW & Associates Inc. will gain access to the EDAG Group's global capacities and its international customer base. At the same time, the EDAG Group will benefit from the excellent customer relations enjoyed by the traditional American company in the US market.