This significantly strengthens the Beumer Group's market position in the large equipment sector. The FAM Group, headquartered in Magdeburg, is an internationally active medium-sized group with a tradition as a manufacturer of conveying systems that stretches far back into the 19th century. FAM is one of the world's leading suppliers of complete bulk material handling and processing systems. The FAM Group plans, designs and manufactures turnkey plants and systems for the extraction, conveying, loading and storage of minerals, raw materials and goods. The FAM Group employs around 750 people at its headquarters and subsidiaries in Brazil, Chile, China, Canada and India as well as agencies worldwide.

With over 4,500 employees in more than 70 countries, the Beumer Group focuses, among other things, on materials handling technology in mining and for mines. The Beumer Group has also been firmly established on the market for decades in bulk materials technology. FAM's technology for the transportation and processing of minerals fits in well with the Beumer Group's portfolio.

In future, Beumer Group's expertise will be complemented by FAM's know-how and global set-up in the project planning of systems in these areas. In addition to planning and engineering, FAM brings the entire value chain including after-sales service to BEUMER Group. As a global solution provider, FAM has been combining expertise, engineering and project management for over 100 years.

For Dr. Christoph Beumer, Managing Partner and CEO of the Beumer Group, this acquisition underpins the company's long-term orientation in the segment of raw materials extraction, processing and handling. According to Dr. Beumer, the company's motto is long-term success and not short-term profit. In this respect, it is necessary to act straightforwardly and consistently, even in economically difficult times. The company has done its homework in recent years and is now investing consistently in a qualitative expansion of the portfolio, emphasizes Beumer.

FAM Managing Director Torsten Gerlach: "The management is pleased to have found a strategic investor for growth in BEUMER Group. We see good potential for sustainable growth in orders and turnover. Against this background, the takeover makes more than sense."