The Hubtex Group, consisting of Hubtex Maschinenbau GmbH in Fulda, DIMOS Maschinenbau GmbH in Fulda-Petersberg and stabau GmbH in Meschede, has acquired 100% of the shares in Genkinger GmbH, based in Münsingen. The aim of this acquisition is to further strengthen the individual brands internationally and to utilise cross-location synergies.
“With the integration of Genkinger into the Hubtex Group, we are taking an important step towards international expansion and can bundle our expertise in the field of industrial forklifts, special vehicles and special attachments even better,” explains Hans-Joachim Finger, Managing Director of the Hubtex Group.
A further aim of the Group is to maintain the jobs of the skilled workers at the respective locations and to expand them through the growth strategy being pursued. “We attach great importance to retaining the existing teams and creating additional jobs through our growth,” emphasises Marco Goldbach, also Managing Director of the Hubtex Group.
“The collaboration between Genkinger and Hubtex opens up new opportunities for innovative solutions and technological advancements. Our customers will benefit from an even greater variety of products and improved services,” adds Richard Ludwig, Managing Director of Genkinger GmbH.
Genkinger GmbH can look back on more than 100 years of company history and has established itself as a specialist for customised special industrial trucks. By joining the Hubtex Group, the company will further expand its innovative strength and benefit from the shared resources and global network.
With this acquisition, the Hubtex Group consolidates its position as a supplier of customised industrial forklifts, multidirectional sideloaders and special equipment for long, heavy and bulky goods. By combining the expertise of both companies, it will be possible to offer customers an even broader range of solutions and improved service.
Similar news
