Schmitz Cargobull has agreed to acquire a 48 per cent share in Polish OEM, GT Trailers.
The two companies intend to unite their expertise in designing and building superstructures on rigid chassis, including tarpaulin, boxes and refrigerated solutions.
The transaction is subject to approval by the relevant competition authorities.
“Schmitz Cargobull and GT Trailers are both family businesses, with a reputation for reliability and longevity in the industry,” said Schmitz Cargobull CEO, Andreas Schmitz.
“Not surprisingly, because both companies offer galvanised chassis and bodies with anodised aluminium.
“By merging our innovation efforts and collaborating in sales we expect to increase the market share in the segment of high-volume combinations.
“At Schmitz Cargobull, we firmly believe that cooperation and strategic partnerships are key drivers of innovation and growth.”
Agata Duliniec, CEO of GT Trailers, said: “With our strong commitment to quality and sustainability, GT Trailers has become a trusted name in the transport industry. The cooperation with Schmitz Cargobull will position us for continued success in the years ahead. Through this partnership we pave the way for innovation in products, services and market development.”
In other news, CMA CGM Group announced a $20 billion investment.
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