Comer Industries takes over Walterscheid Powertrain Group

Farmer at the harvest.

The alliance creates a global player for drive trains and transmissions in the agricultural sector.

(Photo: imago images / Eibner Europe)

Rom In the past, the big fish would have swallowed the small ones. “Today the fast ones swallow the big ones.” Matteo Storchi is visibly satisfied with himself. A few hours before the interview with the Handelsblatt, he was able to announce the biggest deal in the company’s 51-year history: Comer Industries, managed by Storchi in the second generation, is taking over the Walterscheid Powertrain Group (WPG) from Lohmar near Cologne, which is much larger in terms of employees. Italy buys in Germany, Reggio Emilia in the north of the boot strikes in North Rhine-Westphalia.

The deal that Storchi has engineered over the past six months has created one of the world’s largest mechanical engineering groups for agriculture. Together, both companies have a turnover of 792 million euros, the adjusted profit (Ebitda) of both companies is 86.5 million euros.

Read on now

Get access to this and every other article in the

Web and in our app for 4 weeks free of charge.

Further

Read on now

Get access to this and every other article in the

Web and in our app for 4 weeks free of charge.

Further

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.