Wirtgen Group Acquires Majority Stake In Benninghoven
Wirtgen Group has acquired a 70% stake in Benninghoven GmbH & Co. KG, a manufacturer of asphalt mixing plants located in Mülheim, Germany. No financial details were provided.
Wirtgen Group, which includes Wirtgen, Vögele, Hamm and Kleemann branded roadbuilding and construction products, now adds Benninghoven and is able to offer one-stop solutions to its customers including all processes, including crushing and milling, mixing, laying and compacting of asphalt. The worldwide network of Wirtgen Group with 55 subsidiaries and more than 150 dealers will support Benninghoven and open additional markets for the brand, the company said.
Benninghoven's managing director, Bernd Benninghoven and his management team will be retained to lead the company.Edit Module