Schmitz Cargobull AG, Europe’s leading trailer manufacturer, is acquiring 33% of the shares in GRW Holdings (Pty) Ltd. The relationship was initiated in January 2016, where after Schmitz Cargobull partnered with GRW in the development and assembly of new refrigerated trailers and box bodies for the South African market. From the outset both companies have complemented each other through similar core values and a shared philosophy to produce best-in-class products.
GRW, a market leader delivering premium quality tankers and trailers into the Sub-Saharan market, is proud to announce that, through its partnership with Schmitz Cargobull, it will be incorporating the current best German technology into its fast-growing reefer and curtain sider product ranges. In addition to the Schmitz Ferroplast insulated reefer boxes that are already available to its customers, GRW are able to offer a range of premium quality products including Schmitz Cooling units with intelligent temperature control and remote diagnostics; and Schmitz Telematics, one of the most reliable and integrated, yet open, telematics systems available.
Global footprints, and complementary product ranges, have brought synergies that will benefit both companies in the future. Schmitz Cargobull’s presence in Western Europe, Eastern Europe and Russia gives GRW an ideal platform to expand its tanker markets, while local GRW products will benefit from Schmitz’s modular component systems.
The transaction is pending the conclusion of the Competition Commission’s approval, and will be effective 1 August 2017. The operational management of GRW under the leadership of current CEO, Gerhard van der Merwe, will remain unchanged.