AICHELIN Group signs sales agreement for German EMA Indutec

Group strengthens focus on core business

AICHELIN Group, specialised in industrial heat treatment of metallic parts and components, is consolidating its group of companies with a stronger focus on its core business. The Group has signed an agreement to sell its German subsidiary EMA Indutec, an expert in induction heating and hardening systems and frequency converters that was previously unique in the Group's portfolio, to the internationally renowned ParkOhio Group. The parties have agreed not to disclose the purchase price. The closing of the transaction was successfully completed by the end of February.