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 HERBST Förder- und Hebetechnik 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
2018 Merger of Salzgitter Maschinenbau AG and BMA Braunschweigische Maschinenbauanstalt AG

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