Innovative tooling technology in metal forming reduces costs. We are extending our technology leadership by focussing on continuous innovation. Our special subject, rolling dies for transmission parts, offer a great scope of possibilities in the transmission development.
The shareholders families Wittig and Schuler of the WEBO Group have decided to strategically expand the group of shareholders to include the listed Taiwanese company GLOBALTEK. Through a capital increase at the FormTechnology GmbH holding company, which holds all the shares of WEBO Group, GLOBALTEK immediately acquired 10% of the shares in the WEBO Group. GLOBALTEK is also a partner in WEBO's joint toolmaking joint venture in China and has therefore been networked with WEBO in order processing for a long time.
Today we have the pleasure to officially inform you that the sole shareholder Mr. Axel Wittig, represented by the company FormTechnology GmbH, has transferred 50% of his shares in FormTechnology GmbH and WEBO GmbH to the Schuler family, owners of SCHULER Konstruktionen GmbH & Co. KG and other companies, by means of a capital increase. WEBO becomes a part of the SCHULER Group, which until now consists of 14 independent companies.
With the help of our new VR glasses we are able to put our tools and systems into operation worldwide without the presence of technicians to perform service at site.
Especially in times of Corona, the procedure is a huge advantage in order to speed up processes.
The visual guidance and instructions simplifies knowledge transfer and the assembly process, accelerates problem solving and also trains our customers' employees as an additional benefit.
WEBO can significantly increase with the VR technology the service speed. It saves costs for the customer, because our specialist does not have to be present at site. Augmented Reality is the new service standard at WEBO for tool and machine services.