Comer Industries entered an agreement for the acquisition of 100% of Walterscheid Powertrain Group

Comer Industries entered an agreement for the acquisition of 100% of Walterscheid Powertrain Group

With enormous pride we announce that we have entered an agreement whereby Comer Industries will acquire the 100% of Walterscheid Powertrain Group, a german Company leader like us in the Off-Highway sector.

The operation is unique in the international scene and creates the first global player in the field of mechanics applied to the agriculture sector. In perfect strategic continuity with the listing of Comer Industries, the objective is to build an industrial Group of global stature, present in 75 countries worldwide.

Propensity for innovation, investment and sustainability. Attention to customers, territory and communities. There are many values in common between Comer Industries and Walterscheid Powertrain Group. These are the pillars of a union that, by doubling the size of the Group, will bring benefits to everyone: employees, customers and stakeholders.

"We have started a path that fully reflects Comer Industries' "unconventional" approach: thinking big, thinking strategically and courageously, using our solid history as a base from which to observe the world from new perspectives" commented CEO Matteo Storchi.

 

 

In the picture from the left, Cristian Storchi Vice President of Comer Industries SpA, Matteo Storchi President & CEO and fMarco Storchi Board Member

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