SIEB & MEYER AG increased annual sales by 55 percent in 2024
Press releases
Substantial Growth in Difficult Environment
SIEB & MEYER AG looks back on a very successful business year 2024. Despite the difficult global economic conditions in the field of machine tools and special purpose machines, the Lueneburg-based high-speed specialists achieved an impressive growth with their innovative CNC control systems and drive controllers.
With annual sales of 55.7 million euros in 2024, SIEB & MEYER was able to increase the previous year's figures by 55 percent. Thanks to the continued high demand of PCB drilling and routing machines on the Chinese market, the segment of CNC control systems was once again the main driver of the company's success. In the years 2020 to 2022, this segment had already become the key growth driver of the company and in 2024, it was the most important source of revenue again.
SIEB & MEYER AG has clear goals for the business year 2025: the introduction of new product generations shall strengthen the positive trend. The growth drivers include the drilling control CNC 95.00 and the routing control CNC 93.00. In the field of drive controllers, the product generation SD4x takes center stage, which is characterized by high efficiency and reliability.
"Our success in 2024 shows that we have taken the right course with our innovative strength and market strategy," emphasized CTO Torsten Blankenburg. "Even in a difficult global environment we have proven that SIEB & MEYER AG is not only resilient but also fast-growing. In 2025, we endeavor to further strengthen our market position by means of innovative technologies and strong customer orientation."