Wacker Neuson on lookout for acquisitions

Wacker Neuson is on the lookout for possible acquisitions to expand its product portfolio, according to Dr. Georg Sick, the group’s president and chief executive officer.

He said the merger of Wacker with Neuson Kramer means the group now offers light and compact equipment in more than 300 product groups and any further acquisitions would be made “in a controlled way and within established corporate policy.”

His comments came at the official opening of Kramer Allrad’s new £27m factory and offices built on a 16 ha site in Pfullendorf, southern Germany.  The 3,000 units per year factory has two parallel production lines (all-wheel steer loaders and telescopic handlers) and a 5,000m2 painting booth able to spray machines in customers’ colours.

He said there are no plans to reduce the Group’s 3,700 workforce despite current market conditions.