Munich-based KraussMaffei Group will transfer its KraussMaffei High Performance AG business into an independent unit with a familiar name — Netstal — on Oct. 1.
The injection press business was Netstal-Maschinen AG based in Näfels, Switzerland, until it became KraussMaffei's high-performance unit about two years ago.
KM officials kept the Netstal name on the machinery but removed it from the business identity as part of a plan to arrange the sales organization by economic regions that give customers only one contact.
However, the Nestal name showed its staying power.
The new subgroup will manage the Netstal new machines and service business worldwide from its subsidiaries, according to KraussMaffei CEO Michael Ruf.
"With this step, we are taking into account the wishes of our customers and reuniting the Netstal brand and the Netstal organization under a common name. We are convinced that in the future Netstal will be able to respond to customers and their applications with even greater focus than before and offer them the added value for which the Netstal brand has stood for many decades," Ruf said in a news release.
Netstal serves what has proven to be crisis-proof markets during the pandemic, KraussMaffei officials added. They expect strong growth in the medical and PET segments, the latter of which they have a new line.
Netstal will be headed by CEO Renzo Davatz, who will report directly to Ruf.