Sovema Group announces its takeover by German Schuler

Sovema Group announces its acquisition by the Schuler Group. Together with Sovema, Schuler will develop the capabilities needed to equip gigafactories for the mass production of lithium-ion batteries, whose large-scale availability is essential for the success of eco-friendly e-mobility on the road.

Schuler offers customer-specific cutting-edge technology in all areas of metal forming – from networked presses to press shop planning. In addition to presses, the product portfolio also includes automation, dies, process know-how, and service for the entire metalforming industry. Schuler’s Digital Suite brings together solutions for networking metalforming technology and is constantly being developed to further improve line productivity and availability. Customers include automotive manufacturers and suppliers, as well as companies from the forging, household appliance, and electrical industries. Presses from the Schuler Group mint coins for more than 180 countries. Schuler was founded in 1839 at its headquarters in Göppingen (Germany) and has around 5,000 employees at production sites in Europe, China, and America, as well as service companies in more than 40 countries. The company is part of the international technology Group ANDRITZ.

“We see the entrance of Schuler as new owner as a great opportunity for Sovema to unfold all its technological potential and play a major role in the gigafactory challenge,” states Sovema Group’s General Manager Massimiliano Ianniello. “So far, our size allowed us to serve our customers with high quality and customization. Now, as part of Schuler Group, we will finally be able to reach the volumes required by the massive demand for battery manufacturing equipment in Europe and beyond.”

“With Schuler as owner, we can now combine Sovema’s technological expertise with our know-how in the production of complex lines for the – mass manufacturing of parts and components,” states Schuler CEO Domenico Iacovelli. “This gives us the potential to develop Schuler into a turnkey supplier of technology for the core process steps of cell assembly and cell formation for existing or planned gigafactories dedicated to manufacturing lithium-ion battery cells.”

Schuler already offers production lines for the cost-efficient mass manufacturing of both prismatic and cylindrical battery cell housings.

Schuler will be the sole owner of Sovema in the future. The technology company has systematically expanded its classic product range of highly efficient press lines over the past five years. It is now a leader in the digitalization and networking of forming technology and offers an increasing number of machines in the field of sustainable technologies. In addition to battery case production, this includes lines to produce laminations for electric motors and to manufacture fuel cells and electrolyzers for the hydrogen industry.