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The core business of the AMAG Group is the company AMAG Automobil- und Motoren AG founded in 1945 by Walter Haefner and based in Zurich. On 29 April 1948, the company signed an import agreement with Volkswagen, and then again with Porsche in 1951, both of which continue to form the basis of the car import business operated by AMAG.
Switzerland has a large economy and highly skilled labor force. Fifteen Swiss companies are included on Fortune's "Global 500" list (in 2011).As of 2018 the largest non-financial companies in terms of annual revenue were Glencore, Vitol and Trafigura, with Nestlé as the largest employer.
Haefner studied mathematics at the ETH Zurich. For many years he worked as a high-school teacher. At the age of 50, his father put him in charge of AMAG, the family-owned importer of Volkswagen, Audi, Skoda and SEAT cars into Switzerland. After the death of their father, Haefner and his sister Eva Maria Bucher-Haefner divided 2018 their ...
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In 2014, AMAG acquired Lumara Health, formerly KV Pharmaceutical Company. [8] In 2015, the company's revenue reached $418 million. AMAG had 552 employees. [9] In December 2018, AMAG announced it would acquire Perosphere Pharmaceuticals Inc. [10] In October 2020, Covis Group agreed to acquire AMAG for $498 million. [11]
8 AMAG: New hot rolling mill in Ranshofen puts AMAG in the top league. (No longer available online.) In: www.AMAG.at. AMAG, November 25, 2014, archived from the original on April 9, 2018; retrieved April 9, 2018. 9 AMAG: AMAG opens Europe's most modern aluminum cold rolling mill. In: www.AMAG.at. AMAG, June 23, 2017; retrieved April 9, 2018.
The business segment Lamps & Systems comprises the Group’s business related to automotive and specialty lamps, with a focus on the automotive and industrial market. The L&S segment of ams OSRAM serves both original equipment manufacturers (OEMs) and customers in the aftermarket channel (e.g. retailers), as well as distributors that sell on to ...