Wacker Corporation Officially Renamed Wacker Neuson Corporation
From today forward Wacker Corporation will be named Wacker Neuson Corporation. The name change was entered in the Wisconsin Department of Financial Institutions on this date. Wacker Neuson Corporation, Menomonee Falls, Wisconsin, is an affiliate company of Wacker Construction Equipment, AG, Munich Germany. This move aligns with plans to change the name and legal form of the parent company in June 2008, when it will become Wacker Neuson SE.
"Under our new name of Wacker Neuson Corporation, we will continue to support our customers' processes with top-quality products and service they experienced under Wacker Corporation," declares Christopher Barnard, President & CEO of Wacker Neuson Corporation. The merger of two profitable, quality leaders in 2007 further strengthens Wacker Neuson Corporation's position as a reliable partner for high-quality construction equipment. Alongside tried-and-tested products in the light equipment segment, the company's portfolio also includes compact equipment such as track excavators, compact wheel loaders and dumpers. "We are well aware that, alongside product innovations, trust, stability and consistency are vital to good customer relations," underlines Barnard. He explains that the company has therefore provided the sales and service organizations within Wacker Neuson Corporation with intensive training in its high-quality compact equipment. According to Barnard, customers can therefore rest assured that they will continue to receive the best possible advice and support from their Wacker Neuson contacts in the future as they were accustomed to receive under Wacker Corporation.
About Wacker Neuson
Completed in 2007, the merger between the parent company Wacker Construction Equipment AG and Neuson Kramer Baumaschinen AG has created a major global manufacturer of light and compact equipment. With over 30 affiliates and more than 180 sales and service stations across the globe, the new company offers an unparalleled product portfolio. All products manufactured by the new organization will in future be branded Wacker Neuson. The exceptions to this in Europe are Kramer all-wheel steer loaders and the Weidemann brand, which will be retained and further developed for the agricultural industry. With over 250 product categories, Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in the industrial and recycling sectors.
By further expanding its product and service offering and driving regional growth, this listed company intends to exceed the billion-euro revenue mark during the course of 2008. It is aiming for sustained, long-term sales and earnings growth. The Group is due to change its name and legal form to Wacker Neuson SE at its Annual General Meeting on June 3, 2008.
