We are pleased to announce that effective 1st September 2014 KW was sold through an asset deal and is now operating as KÜNKEL WAGNER Germany GmbH. Our workforce has been retained, we are still based in Alfeld, Germany, i.e. nothing has changed and our product line remains strong. Telephone numbers and e-mail addresses are unchanged. This acquisition creates huge opportunities and opens up enormous potential for us all.
KÜNKEL WAGNER Germany GmbH is now 100% owned by QME, an enterprise with headquarters in Qingdao, China. This parent company successfully leads a consortium of several technology-based companies in China and already has shares in a successful company in Germany as well as joint ventures with leading German companies in China.
QME is specialized in producing high quality products and operates mainly in the following three business areas: high-tech engineering, quality automotive components and electrical and electronic components. With these activities QME has been increasingly successful in international competition.
KÜNKEL WAGNER’s excellent market reputation as a traditional German mechanical engineering company, their strong experience and highly qualified employees were essential criteria for the takeover for QME.