In the context of a succession plan, Starrag Group acquired from the founder and sole owner Bernard Ballif all the shares of Bumotec SA which is domiciled in Sâles (Canton Fribourg/Switzerland) as of 29 May 2012.
Thanks to its axis-concept, the new S-191 is able to turn and mill complex pieces in only one setting in watch-, medicinal- and micromechanical industries.
Founded in 1973, the company develops and manufactures high-precision multi-functional machine tools for complete machining of small work pieces as well as offering the full range of after-sales services. Bumotec SA, which has its own subsidiary in China, is a leading European supplier in its market segments. Its customers are mainly companies from growth sectors such as watch and jewellery, medical technology, aerospace and micro mechanics in Europe and Asia.
High order backlog
Bumotec SA – debt-free, with attractive profitability and lean organisation – employs 150 employees and achieved a turnover of over CHF 40 million in fiscal year 2011. Thanks to a high order backlog, full capacity utilisation is guaranteed mid-term. Starrag Group finances the acquisition entirely from its cash on hand. The parties agreed not to disclose the purchase price
Reinforcement of sales and service network
The acquisition gives Starrag Group access to additional technology know how. Bumotec SA in turn will benefit from Starrag Group’s strong sales and service network in the USA, Europe and Asia. Synergies are also expected in supply chain and manufacturing. Bumotec SA meets all of Starrag Group’s requirements for an ideal acquisition candidate: Strategic and cultural fit, as well as an interesting market and product.
Bumotec SA has a proven management team, which will continue autonomously at the existing location and with its own product line under the well-established brand Bumotec. Bumotec founder Bernard Ballif commented: “I am delighted that an industrial solution for the continuation of my life’s work could be found, and this with a solid and experienced partner who has already realised a successful acquisition in the French speaking part of Switzerland with the prestigious SIP in Geneva some years ago.”
Bumotec can be seen at EPHJ (Booth D60) next week, no doubt there will be many discussions…