EANS-News: Rosenbauer International AG Rosenbauer re-enforces presence in the
UK Majority holding in distribution and service partner North Fire plc /
Rosenbauer UK plc to be an direct player in the UK
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Company Information
Leonding (euro adhoc) - Rosenbauer International AG today signed an agreement to
acquire a 75% stake in the British partner firm North Fire plc, which is based
in Holmfirth in West Yorkshire. The company has annual revenues of approx. EUR
3.5 million and around 10 staff, and has been the distribution and service
partner for personal protective equipment, components, aerial appliances and
municipal vehicles from Rosenbauer. Integrating the firm into Rosenbauer's
worldwide distribution and service network will make it possible to look after
customers directly, and to serve another major municipal vehicle market from an
in-situ Rosenbauer branch.
For Rosenbauer, this local presence will let it tap the potential of the British
market even more effectively. "The expansion of our business in international
municipal vehicle markets has prompted us to place our partnership with North
Fire on a new footing, after many years of working together so well. By
acquiring this majority stake, Rosenbauer is putting its future growth in the UK
on a firm foundation", says Dieter Siegel, CEO Rosenbauer International AG.
The new structure will continue to use and benefit from North Fire's knowledge
of the local market, its strong sales focus and - even more importantly - its
excellent client contacts. North Fire founder and Managing Director Oliver North
will hold 25% of the company, which will operate under the name "Rosenbauer UK
plc", and will continue as its Managing Director. All existing staff will be
kept on, and the company's headquarters will remain in Holmfirth, near
Manchester.
Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com
end of announcement euro adhoc
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company: Rosenbauer International AG
Paschingerstrasse 90
A-4060 Leonding
phone: +43(0)732 6794 568
FAX: +43(0)732 6794 89
mail: ir@rosenbauer.com
WWW: www.rosenbauer.com
sector: Machine Manufacturing
ISIN: AT0000922554
indexes: WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien
language: English