Kadow & Riese mergers with Photon Group
Livingstone’s Industrial sector team has advised voestalpine Automotive Components Birkenfeld GmbH on the merger of its subsidiary Kadow & Riese Laser- und Umformtechnik GmbH with Photon Group
Kadow & Riese is a specialist manufacturer of sheet metal prototypes and small series, mainly for customers in the Automotive and Rail sectors, as well as being a manufacturing of construction and agricultural machinery.
Photon Group is active in the fields of engineering of laser applications, laser-based and conventional metalworking and processing for a wide range of industrial applications as well as emergency and information technology, especially for the Rail sector.
Dr. Harald Traxler, CEO of voestalpine Automotive Components Cold Stamping Group commented: “Livingstone was key in finding the ideal partner for Kadow & Riese. Merging with Photon Group offers a great long-term perspective for the employees, the management and customers of Kadow & Riese.”
Mr. Steffen Neumann, CEO of Photon AG, added: “Both companies have already worked together successfully for many years on various projects. The team competencies of both companies are an excellent strategic fit. Together, we are one of the largest competence centres in the area of metal forming and laser technology in the Greater Berlin are