MAG group to explore strategic options

The owners of MAG IAS, LLC and MAG Europe GmbH (together the “MAG Group”) have appointed Goldman Sachs to assist in evaluating strategic alternatives for MAG Group, including the potential sale of the group or parts thereof. According to MAG, the global automotive business will remain together as one unit across Europe, the Americas and Asia.

MAG is a global market leader in the machine tool industry, providing products, services and systems for the aerospace, automotive and truck, heavy equipment, oil and gas, rail, solar energy, wind turbine production and general machining industries.