Glass Industry News

Glaston Corporation completes the acquisition of Bystronic glass

, Glaston Corporation

Glaston Corporation completed on 1 April 2019 the acquisition of Swiss-German based globally operating high-end machinery, systems and services provider for the processing of glass, Bystronic glass.  The acquisition supports Glaston’s ambition to further strengthen its position in the glass processing value chain. The acquisition was announced on 25 January 2019.  

By incorporating Bystronic glass, Glaston will become a significant player in the glass machinery business providing all customers with the best know-how and the latest technologies available in glass processing. Glaston and Bystronic glass have fully complementary offerings. Through the combination, the company holds a truly unique product range from tempering, bending and laminating through insulating glass manufacturing and glass handling to automotive and display glass pre-processing as well as services.

“The acquisition, which is a major step in the execution of our strategy, is a response to market demand for efficiency, more demanding requirements for glass features, safety and quality as well as an increased focus on services. With our combined capabilities and expertise, we will be able to offer customers equipment, services and solutions from one supplier optimizing customer operations and driving customer value.

The combined services offering will lead to appealing advantages for the customers and provide a base for further development of services covering the whole glass processing chain in the future. I warmly welcome Bystronic glass’ employees to Glaston and this exciting journey”, comments CEO & President Arto Metsänen of Glaston Corporation.

Changes to the Executive Management Group  

In connection with the completion of the acquisition, Glaston makes changes to the Executive Management Group. As of 1 April, the EMG will consist of CEO Arto Metsänen, COO and integration lead Sasu Koivumäki, Burghard Schneider who will be responsible for Bystronic glass and as of 1 May 2019 Juha Liettyä who will be responsible for Glaston technologies. Päivi Lindqvist continues in her position as CFO.   

Significant benefits
The combination of Glaston and Bystronic glass is expected to result in significant benefits for the stakeholders. In addition to the unique product offering, synergies are expected from cross-selling new equipment and broadening the services offering. Furthermore, the transaction supports initiatives to create further added value to customers through product development and best practice sharing.  

This is Glaston   

Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.  

As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 12 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.  

, © Glaston Corporation

News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Company Profile



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X