Machines

Studer and Combitec merge their competences

January 2009

The technological leaders in Cylindrical Grinding Machines, Fritz Studer AG in Thun and the Combitec AG in Biel will merge their competences with immediate affect. The integration of Combitec into Studer AG allows both Companies the chance to increase their market and technological position in the World Market. The Product ranges of Studer and Combitec complement each other perfectly. Both Manufacturing facilities will remain where they are today, the Management of Combitec will continue to manage the facility in Biel.

Combitec AG As per Stephan Nell, the Chairman of the Board of Directors of Fritz Studer AG, Combitec has in the Internal Grinding Machine product range excellent Machines and has a very large Know-how in this area. Through the International Distribution Network of Fritz Studer AG, the World Leader in Cylindrical Grinding, Combitec now receives an ideal platform to be active in the Worldwide Market too. In addition to this, Studer has the possibility to complement its product range ideally. The Manufacturing facility in Biel will in the future become the Competency Centre for Internal Grinding. The Operative Management of Biel remains in the hands of the present owner of Combitec, Daniel Huber. In this connection, Daniel Huber stresses that the merger with Studer brings excellent growth potential for Combitec and in addition to this, also helps to secure the future of the facility in Biel. Combitec AG, founded in 1982, manufactures High Precision Internal Grinding Machines. The main area of their development lies in Machines for the manufacture of small and medium sized components, especially in the area of hard Materials. With a combination of high precision machines, a specially developed operator Interface and the simulation software SimCT they offer their customers an economical, lucrative and technological proven Solution. Today Combitec employs in their facility in Biel, 40 people.

Fritz Studer AG Founded in 1912, the company manufactures standard Cylindrical Grinding Machines with a wide assortment of accessories for External- and Internal Grinding Applications for small or medium sized Components. Studer and the Service Team Studer employ over 800 people in their facility in Thun and reached a record Turnover last year of 250 Mio CHF (incl. Service) . For the next Years, Studer expects together with Combitec an additional strong increase in both Turnover and Order Input, especially in the area of Internal Grinding. Fritz Studer AG belongs to the Schleifring group of companies of the Körber Group. Körber Schleifring stands for an internationally strong Partner for all areas of high accuracy machining of Components.

Combitec AG Lengnaustrasse 12 CH-2504 Biel/Bienne Tel: +41 32 344 04 52 Fax. +41 32 3410671 [email protected] www.combitec.ch

Fritz Studer AG CH-3602 Thun Telefon +41-33-439 11 11 Telefax +41-33-439 11 12 [email protected] www.studer.com

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