BMZ and AMADA WELD TECH sign €11mn Deal
AMADA WELD TECH and BMZ Group have announce their latest deal. BMZ signed to invest over €11mn, acquiring welding systems from AMADA WELD TECH, for its battery production. This investment in BMZ’s German production capacity is aiming to serve growing demand in the growing energy storage solutions market.
Welding is one of the key processes within battery production and at the same time a potential bottle neck of the whole production process, claim AMADA WELD TECH. But the company anticipates the challenges of joining applications in battery pack production.
BMZ extends its market position by investing in enlarging production capacity, in order to continue to meet the rise in customer demands. As a manufacturer of welding equipment AMADA WELD TECH will aim to contribute to BMZ's future growth, by providing process stability and repeatability, by supplying welding systems.
The energy storage market is estimated to almost quadruple its worldwide volume by 2027. The rising demand is a result of increased responsibility amongst industry and homeowners, as part of the energy transition for climate development. Additionally, the world market shows a growing desire for energy storage, which AMADA WELD TECH fully supports. As a welding specialist, AMADA WELD TECH will continue to offer design expertise, technical knowledge and optimum solutions, by providing fully automated production machines.
With this latest major investment in German production capacity, BMZ not only commands its own market position and strengthens the 'made in Germany' share of the global energy market, it also protects existing and creates numerous new jobs in the industrial competence area, at the Bavarian lower Main.
Dave Fawcett - CEO of AMADA WELD TECH's European and American Operations commented: "After being able to already supply our valued client, BMZ, with many of our AWS-3 Jupiter RW Resistance Welding Systems in the past, this latest major order is to
date, our biggest deal with BMZ. We look forward to fulfilling this latest order and to continue our successful business partnership into the future."
BMZ CEO and Founder Sven Bauer comments: "BMZ and AMADA WELD TECH are linked by a business relationship full of trust and understanding, lasting already for many years.We are glad to have such a strong and experienced partner at our side when it comes to such a major investment in our future viability."