The Wirtgen Group has acquired a 70% stake in the asphalt plant manufacturer Benninghoven, located in Mülheim, Germany. Benninghoven is a successful manufacturer of asphalt plants with a strong reputation for its technology and product quality, as well as its customer support.
August 12, 2014
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The Benninghoven asphalt plant firm is now majority owned by the Wirtgen Group
The 364 Wirtgen Group has acquired a 70% stake in the asphalt plant manufacturer 167 Benninghoven, located in Mülheim, Germany. Benninghoven is a successful manufacturer of asphalt plants with a strong reputation for its technology and product quality, as well as its customer support. This is a significant purchase for the Wirtgen Group, adding to its already extensive portfolio of asphalt machinery for the road construction industry. This further broadens Wirtgen’s portfolio, which already includes its own Wirtgen brand as well as 1194 Vögele, 228 Hamm and 261 Kleemann. The two companies are close geographically and the Wirtgen Group and Benninghoven have had some distribution partnerships in the past, with regard to parts of Eastern Europe.
The addition of Benninghoven means that the 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. The world-wide network of Wirtgen Group with 55 own subsidiaries and more than 150 dealers will step-by-step open additional markets to Benninghoven. The Wirtgen Group says that the focus will be placed on a fast and competent support of customers in service as well as in application support. With this move, the Benninghoven family has taken the opportunity to secure the development of the company in a stable and larger group. Managing director, Bernd Benninghoven, will continue to head the company along with his management team.
