The Metall Zug Group is a Swiss industrial

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

headquartered in

Zug , neighboring_municipalities = Cham, Baar, Walchwil, Steinhausen, Unterägeri , twintowns = Fürstenfeld (Austria), Kalesija (Bosnia-Herzegowina) Zug (Standard German: , Alemannic German: ; french: Zoug it, Zugo r ...

, Switzerland which was founded in 1887. Shares of the company are traded on the SIX Swiss Exchange.

History

Metall Zug was founded in 1887 as a metal goods factory. The company specialized in

home appliance A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. Appliances are divided into three ...

s, releasing the ZUG washing machine in 1915, the first unimatic automatic washing machine in 1950, and tumble dryer in 1959. In 1993, Metall Zug acquired Belimed, which specializes in products for sterilization. Other competitors in the sterilization field include 3M,

Cantel Medical Corporation Cantel Medical Corporation is an American company which produces and sells medical equipment. The company is based in Little Falls, NJ. The company has three subsidiaries: * MEDIVATORS, based in Minneapolis, MN, which sells Dialysis, Endo ...

, and Steris. In the 1990s, the group of companies took over various companies abroad and in Switzerland via V-Zug AG, which were later merged into the Belimed Group, such as Kleindienst-Belimed in Augsburg (Germany) in 1995 and Avenatech, Inc. in Miami (US) in 1996, 1997 Netzsch Belimed in Waldkraiburg (Germany) and Belimed in Grosuplje (Slovenia) and 1999 the Swiss Sauter Group in Sulgen. In 2000, the market presence of the Belimed Group was unified. This has formed the independent Infection Control business unit since 2005. In 2007, the group of companies took over FCC Group AG and the operational business of Hildebrand AG, which were integrated into Gehrig Group AG. In 2008, the Schleuniger Group was taken over and the new Wire Processing division formed. In 2010, the groundbreaking ceremony for the Suurstoffi development in Risch/Rotkreuz took place. As of July 1, 2012, the real estate division was spun off from Metall Zug and has since traded under the name of Zug Estates Holding AG, based in Zug. In 2013, V-ZUG took over Arbonia Forster's (AFG) refrigerator business and founded the subsidiary V-ZUG Kühltechnik AG. With the acquisition of the business of Tianjin Haofeng Electrical Equipment Co., Ltd. Schleuniger took a significant step in the target market of China in 2013. At the end of 2017, Metall Zug took over 70% of Haag-Streit Holding. On February 28, 2018, Metall Zug acquired control of

Köniz Köniz (, ) is a statistical town, however considers itself still as a village, and a municipality in the Bern-Mittelland administrative district right on the southern border to Bern in the canton of Bern in Switzerland. The municipality of K ...

, Switzerland-based Haag Streit Holding AG. Haag Streit comprised more than 20 companies with about 900 employees and develops products for the

ophthalmology Ophthalmology ( ) is a surgical subspecialty within medicine that deals with the diagnosis and treatment of eye disorders. An ophthalmologist is a physician who undergoes subspecialty training in medical and surgical eye care. Following a medic ...

(diagnostics, surgical microscopy), pulmonology, and

optics Optics is the branch of physics that studies the behaviour and properties of light, including its interactions with matter and the construction of instruments that use or detect it. Optics usually describes the behaviour of visible, ultrav ...

fields; the company was acquired to form Metall Zug's

medical device A medical device is any device intended to be used for medical purposes. Significant potential for hazards are inherent when using a device for medical purposes and thus medical devices must be proved safe and effective with reasonable assura ...

s division.

External links

References

Companies of Switzerland Manufacturing companies of Switzerland {{Company-stub