Following the acquisition, Rema Tip Top will increase its customer base and be present all over Australia. Together, Rema Tip Top and ConvaTech will form one of the largest conveyor service organisations on the resource-rich continent.
Thorsten Wach, CEO of Rema Tip Top, said: “We want to become the service provider number one for the Australian mining industry. By acquiring the majority interest in ConvaTech, we have taken a significant step to become the market leader in Australia and we have found an ideal partner to further pursue this path. We now have a strong presence in Eastern and Western Australia.”
Gav Houston, CEO of ConvaTech who, together with Rema Tip Top, will drive the strategic development of the Australian business, explained: “We knew Rema Tip Top as a strong competitor, and we also recognise our own mentality in their high quality standards. Together we are well positioned for the future and ready to have an even stronger market presence.”
Rema Tip Top has conducted numerous acquisitions over the past years and thereby gained extensive experience in integrating businesses in its network. Following the acquisition of the majority interest, ConvaTech will continue to exist as an independent company. Rema Tip Top stated that existing customers will benefit from the new and strong capabilities of the joint and growing business.