Jungheinrich and Fricke found joint venture
Jungheinrich AG and Fricke Group
To launch a joint venture for the international sale of spare parts.
- Joint venture selling spare parts for fork lift trucks
- Access to new market potential within e-commerce and the independent after market
Hamburg/Heeslingen (Germany): Hamburg-based Jungheinrich AG and the Fricke Group from Heeslingen in Lower Saxony are combining their expertise in the fields of intralogistics and spare-parts wholesale to launch a joint venture for the international sale of spare parts. The two companies see considerable growth potential in particular within the independent after market and within e-commerce.
Christian Erlach from the Jungheinrich board for sales and marketing: "It is our customers that primarily benefit from the close co-operation between Jungheinrich and Fricke. Fricke's many years of expertise within e-commerce combined with Jungheinrich's expertise in truck construction and service provide outstanding opportunities for a highly customer-friendly provision of spare parts."
"Jungheinrich and Fricke are two family companies with shared values. We're linked by a consistent focus on the customer and a passion for technology. We know that Jungheinrich is an innovative leader with outstanding products and are certain that together we can offer our current and future customers real added value", says Hans-Peter Fricke, Managing Director and proprietor of the Fricke Group.
Founded in 1923, Fricke successfully operates within the international trading of spare parts, agricultural machinery, commercial vehicles and gardening technology at a total of 57 sites in 21 countries. With headquarters in Heeslingen in the Lower Saxony region of Germany, the owner-operated Group employs 2317 people, of which 194 are trainees and apprentices. Group turnover in 2017 amounted to more than EUR 700 million.
Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customised solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies. Jungheinrich employs more than 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich share is listed on the SDAX.