
Schmitz Cargobull has signed an agreement with GT Trailers to acquire 48% of the Polish trailer manufacturer. GT Trailers’ product line covers high-volume combinations, semi-trailers, rigid bodywork, swap body systems and bespoke projects. Established in 1989, GT Trailers started exporting its products to other European countries in 2012. The goal of this new partnership is to combine expertise on the design and construction of superstructures on rigid chassis.
Andreas Schmitz, CEO of Schmitz Cargobull said: “Schmitz Cargobull and GT Trailers are both family businesses, with a reputation for reliability and longevity in the industry. Not surprisingly, because both companies offer galvanised chassis and bodies with anodised aluminum. By merging our innovation efforts and collaborating in sales we expect to increase the market share in the segment of high-volume combinations. At Schmitz Cargobull, we firmly believe that cooperation and strategic partnerships are key drivers of innovation and growth.”
Agata Duliniec, CEO of GT Trailers, said: “With our strong commitment to quality and sustainability, GT Trailers has become a trusted name in the transport industry. The cooperation with Schmitz Cargobull will position us for continued success in the years ahead. Through this partnership we pave the way for innovation in products, services and market development.”
The agreement is still subject to approval from the relevant competition authorities. Both companies have expressed their confidence in the deal being approved and anticipate the partnership taking effect soon.
Founded in 1892, Schmitz Cargobull first started manufacturing trailers in 1935, making it one of Europe’s longest-established trailer manufacturers. Up until 1998, the company was known as Schmitz-Anhänger but to appeal to a wider international audience, it rebranded as Schmitz Cargobull and introduced its blue elephant logo – the ‘bull’ in ‘Cargobull’.
The latest acquisition deal follows a recent announcement that Schmitz Cargobull is increasing the price of its products between three to five percent.