Weinig acquires shares in Essetre

The alliance sealed between leaders of Weinig and Essetre (Image: Weinig)

Weinig has announced more details to their recent alliance with Essetre. With the acquisition of 50% of Essetre’s shares by Weinig, the two companies will continue to develop strategically together as equal partners.

More specifically, Essetre will have access to Weinig sales and service network. Weinig will strengthen its market position.

“With this partnership and access to the product portfolio of Essetre, we are further strengthening our market position and can now offer our customers the entire process chain, from the sawmill to timber construction, completely from a single source,” said Gregor Baumbusch, CEO of Weinig.

Essetre will continue to be managed by the Sella family. Giovanni Sella, the founder of Essetre, commented: “We would not have made such a collaboration with any other partner. Weinig and Essetre represent the top technologies in the market. We both have huge ambitions by combining our respective excellencies. We trust it will be a strong and lasting growth.”

The alliance was announced back in May 2023 during LIGNA. Essetre specialises in computerised numerical control (CNC) machines for five-axis machining, wood construction, panels and tops.