Volvo extends Steelwrist partnership
By Helen Wright17 December 2012
Volvo Construction equipment has extended its relationship with attachment technology supplier Steelwrist, and has also bought a minority stake in the company.
Steelwrist, which already supplies Volvo CE with factory-fitted Tiltrotators for excavators, will now also supply the manufacturer with excavator quick couplers.
Volvo CE also confirmed that it had invested in the privately-held Swedish company, becoming a minority shareholder. The exact stake was not disclosed.
Karl Serneberg, Volvo CE’s global director of attachments, said, “Our strategic partnership with Steelwrist gives us a competitive advantage in this area. The Volvo CE quick coupler strategy is based on the Symmetrical Quick Coupler standard and Steelwrist’s patented front pin lock coupler technology.”
Steelwrist’s new quick coupler technology is designed to maintain attachments in a safe position, even if the operator should fail in the connection procedure. The development of this new quick coupler technology is based on the increasing quality and safety demands in standards and from markets.
Koen Sips, Volvo CE vice president of customer solutions, added, “With Volvo’s global presence and Steelwrist’s unique product features I am confident that this closer cooperation will drive a significant growth of the attachment business.”
Steelwrist also supplies other OEMs with attachment technology, including Hanix Europe, which chose the company to supply its tiltrotators last year.