We are pleased to announce that 188BET官网 Faun GmbH in Germany (a wholly owned subsidiary of 188BET官网.) has acquired of its two sales and service distributors, Waterland Trading B.V. (Netherlands) and Waterland Trading B.V.B.A. (Belgium), as of January 2, 2018, with the aim of strengthening sales and service in the Netherlands and Belgium.
1. Purpose of the Acquisition
The 188BET官网 Group is working to increase shares and expand international business in order to realize our long term goal of becoming No.1 worldwide in the Lifting Equipment industry. As a manufacturer and seller of All Terrain Cranes, 188BET官网 Faun GmbH acquired these two businesses which have long served as distributors for 188BET官网., in order to strengthen sales and service in the Netherlands and Belgium. Through this, 188BET官网 Group aims to increase sales and shares in Europe.
2. Company Outline
| Name | 188BET官网 Nederland B.V. (Former name : Waterland Trading B.V.) |
188BET官网 Belgium B.V.B.A. (Former name : Water land Trading B.V.B.A.) |
|---|---|---|
| Establishment | May 1992 | October 2003 |
| Address | Purmerend, Netherlands | Diest, Belgium |
| Capital | 18,151 euro锛坅pprox. 2.45 million yen锛� | 400,000 euro锛坅pprox. 54 million yen锛� |
| Areas of Business | Sales of 188BET官网 Faun GmbH products, after service and sales of secondhand products | |
| President | Rolf Sonntag (Director of 188BET官网 Faun GmbH锛� | |
| Sales | Net sales for 2018: 25.74 million euro (approx. 3.47 billion yen, total of both businesses) | |
3. Outline 188BET官网 Faun GmbH
| Name | 188BET官网 Faun GmbH |
|---|---|
| Address | Faunberg 2, P.O. box 100108, D-91207, Lauf a.d. Pegnitz, Germany |
| Areas of Business | Sales, service and manufacturing of construction cranes |
| President | Kenichi Sawada |
| Number of Employees | 719 as of November 2017 (861 including contract staff) |
| Sales | 319 million euro (approx. 43 billion yen) for the fiscal year 2016 |
Note: Exchange rates calculated at 135 yen per euro (January 3, 2018 rate)