ATH Group focuses strategic direction on converting industry with divestiture of ZAE

Hamburg, Germany-based ATH Altonaer-Technologie-Holding GmbH has sold ZAE-Antriebssysteme GmbH & Co KG to Dacapo Group, based in Berlin. With this divestiture, ATH focuses its strategic direction on the converting industry. 

"In the future, we will focus on the coating and converting industry to expand our position in this area in a targeted manner and to further develop our portfolio," explains Dr. Tarik Vardag, MD-ATH.

Founded in 1919 from the gear department of Max Kroenert Maschinenfabrik, also a subsidiary of ATH, ZAE is a specialist for drive solutions and has an extensive range of standard and special gear units. "The sale of this traditional company with a shared history of more than 100 years was not easy for us, but it is a consistent step and provides an opportunity for all companies to focus on their respective core businesses," Vardag adds.

The holding company is now focusing on the converting industry with its three operating companies - KROENERT, COATEMA and DRYTEC. This enables ATH to secure its existing technological lead in current and future-oriented end markets and to position itself for the future.