History
The history of Salzgitter Maschinenbau AG goes back to 1919, when the engineer Anton Raky, a pioneer in modern drilling technology and oil drilling, founded the company Anton Raky, Tiefbohrungen in Salzgitter.
The cornerstone for SMAG was laid in 1937 when the drilling rig manufacturer was purchased by the Salzgitter Group. The company purchased the grab product division from PEINER AG in 1986, and developed PEINER into an international brand in the years that followed. Currently, SMAG, together with its subsidiaries, is the world market leader in the manufacture of grabs used in global cargo handling, waste disposal and agriculture. Other business units are mining and drilling equipment, special-purpose vehicles as well as mobile antenna masts.
Milestones
| 1919 | Foundation of "Anton Raky, Unternehmung für Tiefbohrungen" in Salzgitter-Bad; this was the origin of the Salzgitter Maschinenbau AG core activity |
| 1923 | Conversion into "Bergbau AG Salzgitter" |
| 1934 | Reestablishment of operations under the name "Bergbau AG" |
| 1941 | Change of name to "Aktiengesellschaft für Bergbau und Hüttenbedarf" (German stock corporation for mining and steel mill equipment) |
| 1951 | Conversion into "Salzgitter Maschinen Aktiengesellschaft (SMG)" |
| 1977 | Fusion of SMG and "Stahlbau AG", conversion into "Salzgitter Maschinen und Anlagen AG" |
| 1986 | Acquisition of grab technology and tower construction division from PEINER AG |
| 1987 | Transformation from "Salzgitter Maschinen und Anlagen AG" to the limited liability company "Salzgitter Maschinenbau GmbH" with Salzgitter Hüttenwerke AG and Salzgitter AG as shareholders (Salzgitter AG and Preussag AG merged in 1989) |
| 1991 | Acquisition of the company by ETN-Maschinenbau GmbH; operations continued under the company name "Salzgitter Maschinenbau GmbH" |
| 1994 | Acquisition of Matec GmbH by the principal shareholder |
| 1995 | Foundation of the SHANGHAI PEINER & SMAG MACHINERY CO., Ltd Joint Venture in Shanghai, People's Republic of China |
| 2006 | Foundation of SMAG PEINER GRABS (INDIA) PRIVATE Ltd. |
| 2008 | Transformation from SMAG GmbH into "Salzgitter Maschinenbau AG" |
| 2011 | Acquisition of majority share in HFH Herbst Spezialfahrzeugbau und Bergwerksmaschinen GmbH, Braunschweig |
| 2013 | Takeover of the drilling rigs business from Nordmeyer group, Peine |
| 2013 | Foundation of PEINER SMAG Machinery (India) Ltd., Chennai, and start of establishment of a factory in India |
| 2014 | Strategic acquisition of RAM container spreaders, a member of the NSL Group in Singapore |
| 2016 | Merger of NORDMEYER SMAG Drilling GmbH and HERBST SMAG Mining Technologies GmbH into NORDMEYER SMAG Mining & Drilling GmbH, based in Braunschweig |
| 2019 | Company anniversary |
| 2018-2022 | Reorganisation of the group portfolio. Divestment of the cabin, spreader and process engineering business. |