ABICOR BINZEL and Thermacut become part of the new ABICOR GROUP
As of February 2024, the Cologne-based company IBG Industrie-Beteiligungs-Gesellschaft mbH & Co KG will unite their cutting and welding companies in one joint group. The newly founded group will carry the name ABICOR GROUP and will consist of the IBG companies ABICOR BINZEL, Thermacut as well as HERR Industry System, PT Photonic Tools, Astaras, Cantesco and Weldstone.
Leadership of the group is an experienced management team headed by the new CEO, Prof. Dr. Emil Schubert which is responsible for over 2,200 employees around the globe.
"The unification of our brands under one roof and management is a fantastic milestone that enables us to bundle expertise and resources for the development of innovative solutions for our customers as well as benefit from synergy effects. At the same time, we can strengthen our presence in the market. However, it is particularly important to us that our strong and established product brands retain their unique identity," explains Schubert.
Andreas Boeckling, CSO of the new ABICOR GROUP, adds: "In future, we will be able to offer our customers an expanded product and service portfolio. It is especially important to us, to meet the increasing requirements in the field of automation and system solutions and by doing so, continue to focus on the customer benefit of our products as well as the safety and health of the welders." The ABICOR GROUP companies are represented at 12 production sites and in more than 50 countries worldwide. The company's headquarters is in Buseck near Giessen.
(Source: ABICOR GROUP Press Release)
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