Kramp and Grene, two of Europe’s largest agricultural wholesalers of parts and services, are to join forces. The two companies say they complement each other, both in terms of product range and geographically.
Kramp and Grene together believes it will be the market leader in many countries with total revenues of €625m and a presence in 22 European countries. The management of both companies say that the services that Kramp and Grene provide for their customers in each country will continue.
Kramp adds that over the last 10 years it has developed into a business that leads the market in the Netherlands, Germany and Belgium and has a strong position in several other European countries. Grene is the market leader in the Nordic, Baltics and Polish markets and the two companies have been working together in a joint venture in Russia for several years.
The combined 2,400 workforce employed by both businesses will not be affected by the merger, say the companies. The new consortium adds that it plans to strengthen its existing market positions and to expand into eastern Europe. Its target is for revenues of €1bn by 2017.
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