TADANO : Acquisition of Sales and Service Distributors in the Netherlands and Belgium
January 04, 2018 at 01:39 am
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January 4, 2018
We are pleased to announce that Tadano Faun GmbH in Germany (a wholly owned subsidiary of Tadano Ltd.) has acquired of its two sales and service distributors, Waterland Trading B.V. (Netherlands) and Waterland Trading B.V.B.A. (Belgium), as of January 2, 2018, with the aim of strengthening sales and service in the Netherlands and Belgium.
1. Purpose of the Acquisition
The Tadano Group is working to increase shares and expand international business in order to realize our long term goal of becoming No.1 worldwide in the Lifting Equipment industry. As a manufacturer and seller of All Terrain Cranes, Tadano Faun GmbH acquired these two businesses which have long served as distributors for Tadano Ltd., in order to strengthen sales and service in the Netherlands and Belgium. Through this, Tadano Group aims to increase sales and shares in Europe.
2. Company Outline
Name
Tadano Nederland B.V.
(Former name : Waterland Trading B.V.)
Tadano Belgium B.V.B.A.
(Former name : Water land Trading B.V.B.A.)
Establishment
May 1992
October 2003
Address
Purmerend, Netherlands
Diest, Belgium
Capital
18,151 euro(approx. 2.45 million yen)
400,000 euro(approx. 54 million yen)
Areas of Business
Sales of Tadano Faun GmbH products, after service and sales of secondhand products
President
Rolf Sonntag (Director of Tadano Faun GmbH)
Sales
Net sales for 2018: 25.74 million euro (approx. 3.47 billion yen, total of both businesses)
3. Outline Tadano Faun GmbH
Name
Tadano Faun GmbH
Address
Faunberg 2, P.O. box 100108, D-91207, Lauf a.d. Pegnitz, Germany
Areas of Business
Sales, service and manufacturing of construction cranes
President
Kenichi Sawada
Number of Employees
719 as of November 2017 (861 including contract staff)
Sales
319 million euro (approx. 43 billion yen) for the fiscal year 2016
Note: Exchange rates calculated at 135 yen per euro (January 3, 2018 rate)
Tadano Ltd. published this content on 04 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2018 06:39:04 UTC.
Original documenthttp://www.tadano.com/news/2018/acquisition_of_sales_and_service_distributors_in_the_netherlands_and_belgium.html
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TADANO LTD. is a Japan-based company mainly engaged in the manufacture and sale of construction machinery. The Company operates in three geological segments, including Japan segment, Europe segment and the Americas segment. The Company manufactures and sells construction cranes, which include all-terrain cranes, rough terrain cranes, truck cranes, road-rail vehicles and telescopic boom crawler cranes; vehicle-based cranes, which include cargo cranes, vehicle-hauling cranes, road-rail vehicles and others, as well as aerial vehicles, which include aerial vehicles, hole-digging construction vehicles, elevated highway and bridge checking vehicles, illuminating vehicles, road-rail vehicles and others. In addition, the Company also provides machinery parts, secondhand cars and lifters, etc.