28.10.2018

Schwab consolidates operations

Germany’s Schwab group has merged with its two subsidiary companies - Schwab Baukranservice and Schwab Steinbock.

Schwab was established as Wilfried Schwab Baumaschinen in 1976 and then acquired, Gebrüder Steinbock Baumaschinen which dates back to 1967, and the more recently formed – 1996 – crane rental company Hydraulikkran-Handelsgesellschaft.

German sales and rental company Heidelberger BMD Baumaschinenendienst acquired a 75 percent stake in Schwab last year, and was behind the plans to merge the three companies into a single corporate entity.

The merged business is based in Dettenheim, south west Germany, with locations in Pforzheim and Grünstadt. It employs 110 and runs a rental fleet totally more than 700 machines, including 100 tower cranes - mainly Potain - a number of All Terrain cranes, telehandlers, excavators and loaders. The contracts and customer relationships will not be affected by the changes.
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Joint managing director Jochen Schwab said: “With the resulting merger we can also take part in larger tenders, as we offer more competence from a single source. We are taking another important step into the future, streamlining our administration and strengthening cooperation between the sites.”
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Jochen Schwab

Managing director Lars Holzhey added: “The merger will help us achieve even more with simplified business processes.”
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Lars Holzhey