The German company’s chief executive, Ruediger Kapitza, urged shareholders to accept the offer, adding that 2015 is likely to be more volatile than 2014. “I’m quite confident that by 2020 we can grow to 15 percent (market share),” Masahiko Mori, president of DMG Mori Seiki Co Ltd said on a conference call. The companies said the deal woul help the German business to lift its market share to 10-15 percent from 8-9 percent, with their top executives trumpeting expected economies of scale and efficiency savings that would aid expansion beyond their core domestic markets of Germany and Japan. The proposed takeover would be one of the biggest to date of a German company by a Japanese peer, creating a business with a combined workforce of 11,600 and about 3.5 billion euros in annual sales. The two companies have expanded their partnership over recent years, with Tokyo-listed DMG increasing its stake in the German business, formerly called Gildemeister, to 24.3 percent in 2013.