SMS Elotherm of Germany, a company of the SMS Meer Business area, has acquired the heating technology specialist IAS Induktions-Anlagen+Service GmbH, Germany.
With 100 employees in Germany and China, the company is a leader in the field of industrial electric heating technology.
IAS provides SMS Eotherm induction heating systems for isothermal extrusion and the corresponding systems for melting, as well as the traditional spectrum offered by Elotherm with systems for induction hardening, heating and welding.”
IAS will continue business operations under its own name. The board of management will consist of the previous IAS Technical Director, Stefan Beer, and SMS Elotherm Commercial Director, Martin Schulteis.
The heavy machinery and plant engineering activities for the Product Areas Steelworks / Continuous Casting (Long Products), Tube Plants, Long Product Mills, Forging Technology, NF Metals Plants and Heat Treatment are combined in the SMS Meer Business Area.