Miba Group's growth continues. On June, 1st, the four industrial bearings plants Miba acquired from the John Crane Group will become part of Miba Bearing Group. The four sites acquired have 300 employees, the annual revenue is about 50 million Euro. After the acquisition Miba Group will have a total of 7,400 employees working at 27 production sites worldwide.
Die neuen Miba Standorte befinden sich in:
- Grafton, Wisconsin (USA)
- Columbus, Nebraska (USA)
- Houston/Deer Park, Texas (USA)
- Göttingen, Lower Saxony (Germany)
Miba's industrial bearing sites will become part of the newly formed Industrial Bearing Branch that is integrated in Miba Bearing Group and led by Clemens Honeder as Managing Director.
Miba enters a new line of business
Miba Group is one of the most important global suppliers of engine bearings. With the acquisition of the four industrial bearing plants the company is now entering another new line of business: developing and producing industrial bearings. An expansion such as this has long been part of Miba's strategic focus, as it represents the logical extension of Miba Bearing Group's current product portfolio. Through this acquisition, Miba has access to a new market, one in which it has not been active to date, creating the foundation for further growth.
The industrial bearings segment of the John Crane Group produces hydrodynamic bearings for use in mechanical and plant engineering. The bearings are used by customers in the energy and plant engineering industries, primarily in high-performance applications such as turbines, compressors and industrial pumps. They can be found in power generation applications and in the chemical, oil and natural gas industries. Some of the sites that will now be integrated into the Miba Bearing Group have been active in the market for over 60 years. In addition to many customer relationships, they bring additional expertise in the areas of research, development and production to Miba.
"By acquiring the John Crane industrial bearings segment, we aim to be a strong, global bearings specialist for engine bearings as well as for industrial bearings in the market," explains Miba CEO F. Peter Mitterbauer. "In this way, we are taking the next important step in growing our Group. It strengthens our competitiveness and provides a wider range of development opportunities for our employees."
Photo: Clemens Honeder (Managing Director of the Miba Industrial Bearing Branch) with the site managers of the new Miba sites