The deal is expected to provide a boost to the customer service on a wider base to the existing successful, and organised worldwide service network of the Saurer Group. The acquisition will make Allma Volkmann one of the world's largest providers of original parts and services in the whole twisting segment.
While, Reyes Groupe will give significance to its core business of energy markets and expand into new domestic and international markets, along with consolidating its existing position.
Wolfgang Leupers, CEO of Allma Volkmann, said that he is proud that Christophe Reyes, owner of the Reyes Groupe, trusts Allma Volkmann to run their parts and service business and is expecting this to give an additional growth impulse as the synergies of both companies now can be fully utilised.
With 4,000 employees worldwide and locations in Switzerland, Germany, Turkey, Brazil, Mexico, US, China, India and Singapore, the Saurer group is well positioned to serve the world's textile industry centres. (HO)
Fibre2fashion News Desk - India
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