Wirtgen Group acquires majority stake in Benninghoven
By Helen Wright12 August 2014
German manufacturer Wirtgen has bought a 70% stake in Benninghoven, a privately-owned Mülheim, Germany-based producer of asphalt mixing plants.
Wirtgen – which also owns the Vögele, Hamm and Kleemann construction equipment brands – said adding Benninghoven’s asphalt mixing technology complimented its existing product portfolio.
Wirtgen produces cold milling machines, soil stabilisers, cold and hot recyclers, slipform pavers and surface miners; while Vögele manufactures pavers, screeds and feeders.
Hamm equipment consists of compactors and rollers, and Kleemann manufactures crushing and screening equipment.
“With the addition of Benninghoven, Wirtgen Group is now able to offer one-stop solutions to its customers including all processes starting with the crushing of rocks, through the mixing of asphalt to laying, compacting and rehabilitating pavement structures,” Wirtgen said.
It added that Wirtgen’s global network of 55 subsidiaries and more than 150 dealers would gradually open additional markets to Benninghoven.
Wirtgen said Benninghoven managing director Bernd Benninghoven “would continue to shape the future of the company in unison with his management team”.