The acquisition creates a company with a combined turnover of €130m and, Linck claims, makes it the leading European manufacturer of sawmill machinery.

“The aim of the acquisition is the significant increase of the market share of the systems sold worldwide to the sawmill industry,” Linck said.

The purchase also gives Linck an opportunity to expand the scope of its products into bandsaw technology.

Linck’s turnover is about €80m, with an export share of 60%, while EWD’s turnover is more than €43m, with export trade for the coming year making up 80% of business.

EWD’s production will be fully continued and sites at Altoetting and Reutlingen retained. Both companies will be run independently, with further development of available technologies the main goal of Linck and EWD.

Some 260 EWD staff will join Linck, giving the group a combined worforce of more than 590 people.