Kinshofer Acquires Trevi Benne
Kinshofer of Germany and Trevi Benne of Italy have finalized an agreement to merge the two companies. Under the terms of the agreement Kinshofer, will acquired a majority stake in Trevi Benne.
For more 50 years, Kinshofer has been a leading manufacturer of tools for truck mounted cranes, excavators, and skid steer loaders to become a competent and reliable partner for OEMs and OEDs alike. The company’s previous acquisitions include Liftall Inc. (Canada), Demarec B.V. (Holland), RF System AB (Sweden), Auger Torque Group (U.K./Australia/ China), Solesbee´s LLC (US), the Doherty Group (New Zealand/ Australia), Hammer Srl. (Italy), and Cangini Benne Srl. (Italy).
Trevi Benne, a 30-year-old family business, focuses on the development and marketing of demolition and scrap processing tools for excavators, to make carriers more productive and durable. The acquisition of Trevi Benne is significant in that it strengthens Kinshofer’s portfolio of demolition tools, adds new product segments to an already comprehensive offering, and improves distribution channels in markets where Trevi Benne is very strong. Trevi Benne will continue to develop and sell its products globally
In addition, Kinshofer has further enhanced local manufacturing in Italy by acquiring Trevi Benne’s advanced vertically integrated production facilities. That means customers of both companies will enjoy faster service and a broader product range.
“Kinshofer continues its strategy to provide the industry with a ‘One-Stop-Shop’ solution of outstandingly engineered products to increase efficiency and, more importantly, profitability for its customers,” says Thomas Friedrich, president and CEO of Kinshofer Group. “The acquisition of Trevi Benne was the next step in our approach to be a global industry leader with solid local presence.”
Luca Vaccaro, who will remain co-owner and CEO of Trevi Benne, adds, “The concentration of knowledge and competence, particularly in the demolition sector, will form a powerful centre for future developments customers can only benefit from. The combination of both product ranges will create more ground-breaking innovations for the industry. The whole Trevi Benne team, which will stay on in its entirety, is very excited to be part of this mutual future.”
In order to meet the current market requirements, Trevi Benne and Kinshofer will recruit more staff to ensure a swift and professional market launch of the companies’ products within their respective sales organizations. The Kinshofer Group is owned by Lifco who also owns Brokk and Aquajet Systems.