The JOEST group, based in Duelmen, Germany a worldwide leading supplier of machines and solutions for bulk material handling with over 1000 employees, is taking over Mogensen GmbH & Co. KG in Wedel, as well as Fredrik Mogensen AB based in Hjo, Sweden, and Allgaier Mogensen S.L.U. in Madrid. Mogensen was previously part of the Allgaier Group, headquartered in Uhingen, a former company of the former employer association President Dr. Dieter Hundt. Difficulties in the automotive industry forced the Allgaier Group to file for insolvency last summer.
Dr. Marcus Wirtz and Dr. Hans Moormann, Managing Partner JOEST group
The companies acquired by the JOEST group will continue to operate as independent entities, with all 140 employees retained. The locations both domestically and internationally will be continued unchanged. Overall, the JOEST group achieves a turnover of 180 million € and employs around 1150 people worldwide.