Topcon buys German in-cab console specialist manufacturer

The Topcon Positioning Group has acquired German console manufacturer Wachendorff Elektronik and its US subsidiary Wachendorff Electronics in a private transaction. Wachendorff Elektronik and Wachendorff Electronics are leading manufacturers of in-cabin mounted consoles for the industrial vehicle market in the agricultural and construction industries. Ray O’Connor, Topcon Positioning Group president and CEO said, “This acquisition is a key ingredient of our global strategy to strengthen our ability to serve
November 21, 2014 Read time: 2 mins
The 342 Topcon Positioning Group has acquired German console manufacturer Wachendorff Elektronik and its US subsidiary Wachendorff Electronics in a private transaction. Wachendorff Elektronik and Wachendorff Electronics are leading manufacturers of in-cabin mounted consoles for the industrial vehicle market in the agricultural and construction industries. Ray O’Connor, Topcon Positioning Group president and CEO said, “This acquisition is a key ingredient of our global strategy to strengthen our ability to serve original equipment manufacturers (OEM) and establish the foundation for Topcon manufacturing in Europe. This world-class facility in Germany is second-to-none in its operational quality, employee dedication, and astute leadership—all of the characteristics needed to exceed the high-precision standards required for our industry.”
Of the acquisition, Peter Wachendorff, president and CEO of Wachendorff Elektronik GmbH and Wachendorff Electronics said, “We are happy to have the opportunity to join the Topcon family — this will help us expand the offering of products to our customers.”

Albert Zahalka, president of Topcon Precision Agriculture and leader of the acquisition team said, “This transaction is an example of our commitment to expand our portfolio of high-quality products and become the world’s leading provider of in-cab consoles for the agricultural and construction OEM markets.”

For more information on companies in this article

Related Content

  • CNH Global NV acquires ownership of Indian jv
    May 2, 2012
    CNH Global NV, a global player in the agricultural and construction equipment business, has acquired full ownership of L&T-Case Equipment, an unconsolidated joint venture established in 1999 with Larsen & Toubro (L&T) to manufacture and sell construction and building equipment in India.
    Read More
  • Thomas Concrete Group acquires more plants in USA
    May 14, 2015
    The Swedish Thomas Concrete Group has acquired assets of Coastal Concrete, a US company which operates ten concrete plants in Georgia and South Carolina. As a result, the group is strengthening its position in the concrete market across a large region on the US east coast between Atlanta and Raleigh. Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina, and the acquisition will reinforce the group's “already
    Read More
  • Market for GPS machine control systems growing fast
    February 14, 2012
    The sector for machine guidance systems is growing fast as contractors become more and more aware of the benefits of using this technology. Increased speed, working accuracy and cost effectiveness are key benefits of this technology, with just three firms, Trimble, Topcon and the Hexagon Group, dominating the market. The Hexagon Group is perhaps the newest entrant to the sector, having acquired Leica Geosystems and Scanlaser in recent years. John Fraser is sales and marketing manager at Scanlaser, and expla
    Read More
  • Key developments for tyre market
    January 19, 2016
    Key developments in the tyre market will allow certain firms to reposition themselves - Mike Woof writes. New tyre types are now coming to market, while key business developments will allow some firms to reposition themselves. Perhaps the biggest business development in the market is the deal to acquire the privately-owned Czech firm CGS Holding by Trelleborg in a move worth €1.1664 billion (SEK10.9 billion). The finalisation of the deal is subject to approvals from the competition authorities but should be
    Read More

Highlighted Content