GlassBalkan’s Post

Josko-Scheuringer Group strengthens vertical integration with acquisition of Glastech.  Effective October 1st, 2024, the renowned Austrian premium window and door manufacturer will fully acquire #Glastech, a leading insulating glass producer near #Amstetten. This strategic move brings a crucial component of window production in-house, enhancing quality control, lead times, and innovation. CEO Johann Scheuringer highlights the importance of controlling essential production elements for design and quality. The acquisition represents a significant expansion, complementing existing subsidiaries Josko Fenster & Türen GmbH & Türen and Eurosun Sonnenschutz. The divestment by Glastech's previous parent company, LiSEC Austria GmbH (a global leader in flat glass processing machinery and software), aligns with LiSEC's focus on its core business of advanced technology solutions. LiSEC CEO Gottfried Brunbauer expressed confidence in Josko as the ideal partner to further Glastech's development. Glastech will retain operational independence under the Josko-Scheuringer Group, with Gerhard Kasbauer, COO of Josko-Scheuringer, overseeing its integration. This acquisition positions the Josko-Scheuringer Group for continued growth in the premium window and door market, solidifying its leadership position. The transaction was facilitated by Thomas Litzlbauer, former CFO of Josko-Scheuringer. #JoskoScheuringer #Glastech #Acquisition #VerticalIntegration #PremiumWindows #AustrianBusiness #StrategicPartnership #LiSEC

Josko-Scheuringer Group Acquires Glastech

Josko-Scheuringer Group Acquires Glastech

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