Group History

The history of Salzgitter Maschinenbau AG (SMAG) 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 product divisions manufacture mining equipment, special-purpose vehicles, control cabins and driver´s cabs 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

Peiner SMAG Machinery (India) Pvt. Ltd.