The VBG Group acquires leading European manufacturer of Sliding Roofs for trucks and trailers
2005-09-23VBG AB, a public company in Sweden, is establishing a new product range in its business area Truck Equipment through the acquisition of the German Group Edscha’s Division Sliding Roofs for trucks and trailers . The acquisition comprises all shares in the four companies situated in Germany, the Czech Republic and Belgium (2). The division has an annual turnover of approximately 40 MEURO with approximately 120 employees. Through the acquisition the VBG Group will broaden its market base and further strengthen its position in the heavy goods vehicles business. |
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Edscha – a market leader
Sliding Roofs were built up by Edscha in the late 1960s. The system offers ergonomic and fast operation for loading/unloading. Today Edscha is the dominating brand name in the market. Also, as strong complements to the Edscha brand, the Sesam and Focus brand names are incorporated and marketed by the companies in Belgium.
The VBG Group strengthens its position
The strong position which the VBG Group already enjoys will be further strengthened on several important European markets, such as Germany, Benelux, France, Spain and Italy. The acquisition is a fi rst step into the trailer market, but also offers new possibilities for establishing on the growing Asian market. Through the acquisition, the group will also obtain a production facility in the Czech Republic, a part of Europe that is gaining more and more strategic importance.
VBG has been supplying coupling system solutions to the truck body builders in Europe for a long time and is now broadening its offer to comprise added services for a continued growth. By aquiring Edscha Sliding Roofs for Trucks , its strong brand names and excellent market position, VBG is taking a big step forward in accordance with the group’s acquisition strategy.
For further information, please contact:
Anders Birgersson, President and CEO, tel. +46 521 277767, mobile +46 702 277778,
e-mail: abi@vbgab.com, www.vbgab.com, or
Per Ericson, General Manager, Sales Division Truck Equipment, VBG Group,
tel. +49 2151 835 268, mobile +49 172 7056 1784,
e-mail: pericson@ringfeder.de, www.vbgab.com.
About VBG AB:
VBG AB in Vänersborg is the parent company of an international engineering group with production facilities in Sweden and Germany and sales companies in Norway, Denmark, England, France and the USA. The business is concentrated on Truck Equipment and an additional business area of Machine Elements. The VBG B-share has been registered on the Stockholm Stock Exchange since 1987. Group turnover in 2004 amounted to MSEK 605 with an average number of employees of 308.
www.vbgab.com