An investment grant were given from the Thüringer Aufbaubank to Mecalbe GmbH from the subsidy programme Thüringen-Invest to improve the competitiveness and productivity of the company. This payment is financed by the state of Thüringen and the European Fund for Regional Development (EFRE-Fonds).
The Group’s backing of Aisi S.A. (Manufacture of Sintered Products), based in Valle de Mena, increases its technological capabilities.
Aisi was founded in the year 2000 and has a workforce of 20 young people with significant experience in a relatively unknown area of the industry.
The acquisition of the entire Aisi shareholding is the group’s second strategic operation in December with a view to doubling its size over the next ten years.
MEK Group, in collaboration with Elkargi Consulting, has acquired Tornillería LEMA, a leading machining company in the automotive sector, in a bid to consolidate its business portfolio and strengthen its expansion in the international market.
MEK Group was established in 2016 with the incorporation of ORZA, the manufacturer Valentín Ganchegui, and Whitehole, Family Office of Alejandro Ormazabal to the initial project lead by Javier Alcoba. The Group’s strategic plan is to consolidate the high-added-value machining sector nationally, with a decisive focus on international expansion.
Against this backdrop, shareholders at Tornillería LEMA, based in Elgeta, have concluded that the company’s expansion is more feasible within a group with Basque roots, and which brings together all aspects of the business venture.
Lema’s plants in Elgeta and Mexico, together with MEK Group’s facilities in Germany, the USA and China, will increase their portfolio of machining services on the international stage, specialising in precision metal turning.
President of MEK Group, Javier Alcoba, said “Tornillería LEMA is vital to our expansion. It brings complementary technology, clients and markets, and above all an excellent team upon which to grow our group.”