Tenova has concluded the selling process of the HTC Group, which includes four companies – IVA Schmetz (Germany), Mahler (Germany), Fours Industriels BMI (France) and IVA Schmetz Industrial Furnaces (Shanghai) (China) – specialised in advanced technologies for heat treatment processes for components.

TAMJuly25 tenovaThe purchasers are Qizhi GmbH and Shanghai Qizhi Information Technologies Co., Ltd. (both members of Ningbo Qijing Holding Co., Ltd.). Ningbo Qijing is also the parent company of Qijing Machinery Co. Ltd., a company specialised in the research, development manufacturing and assembling of mechanic systems and precision parts mainly operating in the home electric appliance field and industrial application filed.

“As an experienced company in supplying precision parts for different industries, we believe that HTC group, with its expertise and product range, has the potentials to gain space and relevance in growing sectors, especially in the Chinese market”, affirmed Wang Yongqi, Chairman of Ningbo Qijing Holding.

The demand for heat treatment technologies is booming in the aerospace industry, whilst in two other business sectors like medical and metals powders this equipment will face a rapid expansion in the near future.

“Qijing group represents a solid industrial partner, in search of an excellent European technological player to expand its business. While we at Tenova are focused more and more on the “green” technologies for large steel and aluminium plants, I am convinced that Qijing is the right purchaser to boost the development of the HTC companies, that will enhance them and develop their full potential in other sectors”, commented Andrea Lovato, Tenova CEO.

Source:  www.tenova.com