Groeneveld and Woerner sign LOI for partnership

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EUROPE Groeneveld Groep B.V. in Gorinchem, the Netherlands, and Eugen Woerner GmbH & Co KG from Wertheim, Germany, have signed a Letter of Intent (LOI) to establish a strategic alliance.

The objective of the alliance is to seek mutual business opportunities through the exchange of knowledge, sharing products, combined development projects, enhancing purchasing power and sharing markets where applicable, while at the same time maintaining autonomy for both companies.

Groeneveld will concentrate on markets where it is strong: on and off-road sector, construction equipment and agricultural machines (everything with wheels or tracks), for installation of a wide variety of automatic maintenance and safety systems both in the aftermarket as well as for ex-factory fitment at OEMs in the truck, bus, trailer and construction equipment industry. Woerner will continue to primarily focus on expanding its current business – greasing and lubrication solutions for industrial applications, such as production machines and presses in the automotive industry.