Wielton has signed a purchase agreement for 65.3 percent of the shares in a French company Fruehauf Expansion, a leading producer of truck semi-trailers and trailers with almost 40 percent of the semi-trailer market in France. The company employs over 400 people and produces over 4 000 semi-trailers per year.
Wielton is the biggest producer and seller of semi-trailers and trailers, as well as truck bodies and one of the ten leading producers in Europe. Wielton’s transport vehicles are purchased by road hauling, construction, production and distribution companies in Poland and foreign truck and semi-trailer dealers. Consolidated sales income in 2014 was 584 mln PLN.
The purchase opens the way to getting the position of the third largest semi-trailer producer in Europe, with a production capacity of 11 000 products a year and a turnover of more than 250 mln euro. It is also a further step towards building a strong international position, not only by means of broadening export markets, but also through investment in production capacities and developing the Group’s foreign companies.