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.
LIVERMORE, Calif., USA/ CAPELLE A/D IJSSEL, The Netherlands (PRWEB) November 20, 2014
Topcon Positioning Group announces the complete acquisition of Wachendorff Elektronik GmbH and Wachendorff Electronics Inc. in a private transaction.
Wachendorff Elektronik GmbH and its US subsidiary, Wachendorff Electronics Inc., 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.”
The Wachendorff family founded Wachendorff Prozesstechnik GmbH & Co KG in Geisenheim, Germany in 1978. Wachendorff Elektronik was founded in 1985.
About Topcon Positioning Group
Topcon Positioning Group is headquartered in Livermore, California, USA (topconpositioning.com). Its European head office is in Capelle a/d IJssel, The Netherlands (topcon-positioning.eu). Topcon Positioning Group designs, manufactures and distributes precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, BIM, mapping and GIS, asset management and mobile control markets. Its brands include Topcon, Sokkia and 2LS. Topcon Corporation (topcon.com), founded in 1932, is traded on the Tokyo Stock Exchange (7732).