WFL Millturn Technologies is acquiring FRAI Elektromaschinenbau GmbH


October 2018: Linz, Austria – WFL is acquiring FRAI Elektromaschinenbau GmbH. FRAI, founded in 1984, and focusing on automation solutions in the machine tool industry, is passing with 100% to WFL Millturn Technologies. CEO and founder, Aitzetmüller Friedrich, will go into retirement after am agreed transition period. He was searching for a succession for his company and found it in WFL Millturn Technologies.

WFL Millturn Technologies, the in Linz based manufacturer of multifunctional complete machining centers, is acquiring company FRAI Elektromaschinen with October with 100%.

The perfect symbiosis of highly productive machinery and manufacturing solutions combined with automation solutions will reform the WFL product portfolio from now on. The company FRAI Elektromaschinenbau Gesellschaft m.b.H, located in St. Konrad (about 50km away from Linz) will be taken over by WFL Millturn Technologies GmbH & Co. KG by 100%. There will be a complete takeover of the trade name, the established customers, the reference projects, the production capacity and also its professional staff. The office and production site will remain in St. Konrad. Mr. Aitzetmüller, CEO and founder of FRAI will direct the operational management for a defined time period to ensure a smooth integration.

Automation solutions have been and are still a constant companion when it comes to a purchasing decision of a MILLTURN. Especially with the smaller sized MILLTURN series automation becomes essential. Also the topic digitalization demands an increasing offer of automation solutions. “Automation solutions have a high importance to many of our customers or are in several cases a prerequisite for an order. With the takeover of FRAI Elektromaschinenbau GmbH we see the ideal opportunity for this solution“, so Mr. Jungreithmayr, CEO of WFL Millturn Technologies. WFL Millturn Technologies and FRAI Elektromaschinenbau GmbH are already connected through a long-standing partnership in the area of automation solutions.

„We are very pleased to have FRAI as the perfect addition to our existing manufacturing solutions and see this expansion of our automation competence and individual automation solutions as significant success factor”, Mr. Norbert Jungreithmayr, CEO WFL.

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