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OCN's assets acquired - Italian subsidiary formed ASMAG on course for expansion to become full-range supplier

Scharnstein, 1 June 2015. Targeted investment in core competencies plus global expansion, leading to stronger market presence - these are the declared and consistent goals of Austrian company ASMAG, manufacturer of special purpose machinery and industrial equipment.

By acquiring the Italian machine engineering company OCN on 12 May 2015, the company took this strategy another significant step forward, gaining not only immediate access to OCN's plant assets, patent rights and specialist expertise, but also a new sales subsidiary and technical office in Italy.

OCN's product portfolio perfectly complements ASMAG's current product range and represents another milestone in the Austrian company's evolution to meet its defined goals in the market as a full-range supplier. Founded in 1977, OCN has developed and produced machines and equipment for the metal industry at its site in Udine, Italy.

It has a strong reputation in the field of non-ferrous metals and specializes in extrusion run-out systems and drawing machines for brass, copper, aluminium and steel tubes and bars. It is in precisely these fields that ASMAG is pursuing its strategic aim of further extending its product portfolio to offer its customers the broadest possible range of equipment in the production of tubes, bars and profiles.

Customers of OCN worldwide have come to value the innovative expertise that the company has developed over the course of nearly forty years in the design and production of such equipment. ASMAG is looking forward to utilising the significant advantages of this unprecedented and qualityoriented industrial synergy.

OCN's forward thinking approach will integrate seamlessly into ASMAG's existing operations, as customers of both companies have been able to depend on high quality, as well as innovative and individual solutions in the field of tube, bar and profile production for many years.

Whether for extrusion, pointing, drawing, straightening, cutting and chamfering, finishing, stacking and bundling or material handling: ASMAG, the engineering company for special purpose machinery and plant equipment, does not rest until it has designed, manufactured and put into operation the best possible solution for the customer.

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