27 February 2008

Shareholders controlling almost 90% of Austrian compact equipment manufacturer Neuson Kramer have signed the final agreement to merge the company with Germany's Wacker. The deal was originally announced in April, and is due for completion in October. The acquisition by Wacker will be financed as a share swap. The new company will be lead by Dr. George Sick, the current CEO of Wacker. He will head-up a management team composed of the full executive boards of both Wacker and Neuson. Neuson founder and current CEO Johann Neunteufel will work as chairman of the company's supervisory board.

Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Rental rate rises assist Sunbelt to pre-Covid revenue levels
Sunbelt Rentals’ first quarter revenue up 22% on 2020 and 12% on 2019, partly thanks to increasing rental rates
Construction starts on €1bn port in Murmansk
Lavna Commercial Sea Port project to include deep-water berth and railway infrastructure
Hexagon to host live tech summit
Live technology summit to showcase Hexagon’s new autonomous solutions
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com