During the press conference held at this year’s IAA exhibition in Hannover, Wielton Group, the Polish manufacturer of semi-trailers, trailers and bodies, has announced the acquisition of the English company Lawrence David. In the first stage of the transaction, the Group will acquire 75% of its shares, with the remaining 25% within the next 4 years. The transaction was valued at GBP 26 million and will increase Wielton Group’s sales to approximately 20,000 vehicles a year.
Lawrence David is a British manufacturer of transport solutions with over 45 years of experience and a total capacity of approx. 23,000 vehicles a year.
“Thanks to the acquisition of Lawrence David, the Wielton Group is entering a stable and receptive market. For us, this acquisition is an opportunity to enrich the Group’s offer with the company’s unique products. Particularly noteworthy are the products from the last mile/home delivery line, which are widely used in the FMCG industry and the rapidly growing e-commerce sector. Another interesting product are the pillar-less curtain trailers that allow more efficient loading and faster transport. We expect that on more demanding markets, this product may partially replace traditional semi-trailers,” said Mariusz Golec, CEO of the Wielton Group.