Verdi, ZDS reach agreement after five rounds of negotiations
NewsThe German union Verdi and ZDS reached a new labour agreement for 11,500 North Sea port workers, pending a member vote.
In a major road trailer industry merger deal, Poland-based Wielton SA is acquiring an 80% stake in Langendorf and all its subsidiaries, subject to regulatory approvals
The remaining 20% of Langendorff will stay with Dr. Klaus P Strautmann, one of the managing directors of Langendorf.
The acquisition includes shares of Langendorf Company and all subsidiaries of Langendorf Group: Langendorf Service GmbH, Langendorf Trading GmbH and Langendorf Potsdam GmbH. The Agreement will become effective after approval of the antitrust-agency.
The acquisition is subject to EU Transfer of Undertakings rules so does not contain any personnel changes at Langendorf. The acquisition is expected to strengthen the Langendorf base and the Langendorf product programme.
The brand name Langendorf and the well-known "Kippermännchen“ Logo will stay as a strong identity of Langendorf‘s quality and reputation.
The relocation to a new factory site is planned and will be supported by the new shareholder. Thanks to the new shareholder, says Langendorf, it will offer a wider product range and services.
Synergies will be realised in mutual purchasing and through market presence of the both companies. A Strong Wielton sales network, present mainly in East European countries will support expansion strategy of Langendorf.
Simultaneously the presence of Wielton products will be reinforced by Langendorf’s sales network in Germany, Benelux, Swiss and in Scandinavia.
Currently more than 75,000 semi-trailers and trailers with the Wielton logo are moving on the European roads, and the products are now sold in 35 countries. The Wielton Group has two production centres in Poland and in France, as well as two assembly plants, in Italy and in Russia. At the end of 2016, Wielton established a subsidiary in the Ivory Coast where it will construct a semi-trailer and trailer assembly plant as the first European manufacturer.
By subscribing you will have: