Michael Weinig AG, the specialist for woodworking machinery, reports that it concluded an agreement at the end of March to acquire majority shares in H.I.T. Maschinenbau and H.I.T. Keilzinkentechnik. 

The company said that with this strategic acquisition, Weinig is expanding its portfolio in the area of automation and mechanization and is upscaling its Glulam and sawmill technology segment.

H.I.T. produces customer-specific solutions for the sawmill and timber industries. The sawmill machinery segment includes resaws and edging machines, as well as a combined resaw and edging machine. The company also manufactures customer-specific automation systems for handling sawn timber, as well as large sorting systems with stacking and packaging. 

"With H.I.T., we are expanding our competencies in the project business, and we are delighted to welcome a team with project experience to the WEINIG Group," said Gregor Baumbusch, CEO of Michael Weinig AG.

Due to the very successful work of H.I.T. in recent years, this acquisition still requires the final approval of the antitrust authorities, according to Weinig. Further details of the acquisition were not released.

H.I.T. Managing Directors Franz Anton and Werner Spieth will be responsible for the operational business of H.I.T. in the coming years, and Franz Jeckle will continue to support the team in an advisory capacity for some time.

"With WEINIG, we will have a strong partner committed to the further development of H.I.T.," said Jeckle.

H.I.T.'s ongoing projects will continue unchanged.