DMG Mori Aktiengesellschaft

DMG Mori Akiengesellschaft (stylized as DMG MORI AKTIENGESELLSCHAFT) is one of Germany's largest manufacturers of cutting machine tools and a manufacturer of CNC-controlled lathes and milling machines. Products include machines, industrial services and software and energy solutions. The SDAX technology group has 21 production sites worldwide and 161 international sales and service sites. The company is based in Bielefeld. Until September 2013 it was known as Gildemeister AG, and until June 2015 as DMG Mori Seiki Aktiengesellshaft. In 2015, the Japanese company DMG Mori Seiki Co. acquired a 52.54% controlling stake in the German company DMG Mori Aktiengesellschaft, and in 2016, an ownership transfer to a wholly-owned subsidiary of DMG Mori Seiki was approved, but this agreement has yet to conclude.

DMG MORI Aktiengesellschaft
Company typeAktiengesellschaft
Traded as
FWB: GIL
IndustryManufacturing
FoundedOctober 1, 1870 (1870-10-01)
HeadquartersBielefeld, Germany
Key people
  • Mr. Alfred Geißler, CEO
  • Masahiko Mori, Supervisory Board chairman
ProductsMachine tools
Revenue 2.265,7 billion (2022)
Number of employees
7,464 (September 30, 2023)
ParentDMG Mori Seiki Co.
Websitehttp://ag.dmgmori.com/en

On September 20, 2023, DMG MORI AKTIENGESELLSCHAFT was added to the list of sponsors of Russian war by the National Agency for the Prevention of Corruption. This body concluded that it has not severed relations with its Russian subsidiary which continues to assist the Ulyanovsk Machine Tool Plant in producing weapons of war. After an internal investigation regarding alleged ongoing production in the Russian facility, the company denied the claims. The continued production proceedings were explained through existing binding contracts established prior to the market withdrawal, which still had to be fulfilled to avoid breach of contract claims.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.