The pair have also had a cross-shareholding in each other since 2009.Īccording to its third quarter report, DMG Mori Seiki AG held 9.6% of DMG Mori Seiki Co’s share capital, while DMG Mori Seiki Co now holds 26.50% of DMG Mori Seiki AG’s share capital (additionally qualified as having voting rights).ĭr. Since 2009, DMG Mori Seiki Co (previously called Mori Seiki Co) and DMG Mori Seiki AG (previously called Gildemeister AG) have co-operated in sales, service, purchasing, development, design, manufacture and, more recently, financing. The offer was set to begin 11 February, 2015 and run through to 11 March, 2015, according to press reports, with DMG Mori Seiki Co expecting to make an announcement by June.
Machine tool maker DMG Mori Seiki Co of Japan is to make a voluntary public takeover offer for the outstanding shares of fellow machine tool maker and partner DMG Mori Seiki AG of Germany.
