Sweden’s Dellner Group with its subsidiary Dellner Brakes said it has signed an agreement to acquire German industrial braking manufacturer Pintsch Bubenzer in a deal it hopes will pave the way for the companies’ global expansion.
This acquisition is being carried out in partnership with investment company Active Ownership Capital and comes four months after Dellner Brakes acquired U.S. brake and clutch company Gummi USA. It is a significant step in the Swedish company’s focused ambition to become the world’s leading supplier of brakes and related power transmission products.
Pintsch Bubenzer is a manufacturer of brakes for harbor container cranes and has around 300 employees. Dellner Brakes and Pintsch Bubenzer will continue to operate both brands from existing global locations. Furthermore, the enlarged group plans to open several new offices around the world over the next 12 months.
Dellner Brakes CEO, Marcus Aberg, said, “This acquisition is a strategic decision and marks the start of a new era for our organization. It will facilitate major global expansion for both companies and will also enable us to build the Dellner Brakes and Pintsch Bubenzer brands in the industrial market sector. This is the ideal match for us – Dellner Brakes is a key player in the marine braking market and, with Pintsch Bubenzer’s industrial prowess and leading position in the container cranes brake system market, our two companies complement each other perfectly.”
Both companies operate globally offering braking products for a range of applications including materials and container handling, industrial automation, ports and shipping, mining, wind energy, oil and gas.
Pintsch Bubenzer CEO, Markus Topp, said, “Together we will continue to develop our companies to the benefit of our customers, our suppliers and our employees. This partnership provides a strong and stable platform from which to realize our full growth potential.”