Bauer sells diesel hammer brand Pileco to Chinese supplier Wuxi Xinren Universal Machinery
The American subsidiary of Bauer in Houston will operate under the new name Bauer Equipment America
Bauer Maschinen Group has decided to sell its diesel hammer product line and the associated brand name Pileco to Wang LLC, a subsidiary of Wuxi Xinren Universal Machinery Co., a long-standing supplier and partner to Bauer.
Pileco joined the Bauer Group in 2005 to form Bauer-Pileco and represent Bauer Maschinen Group in North and Central America.
Christian Gress, member of the management board, Bauer Maschinen, said: "This profitable sale was a logical step. The sale was due both to market developments in the diesel hammer sector in the USA as well as due to the fact that the product ultimately no longer suits Bauer's overall portfolio."
Nevertheless, the Texan subsidiary of Bauer in Houston with its approximately 75 employees will remain under the leadership of Jochen Grundmann. It will operate under the new name Bauer Equipment America, Inc. and will continue to be an important base for the sale of Bauer's entire range of specialist foundation engineering equipment in North America. Service and maintenance work will also be carried out at the approximately 75,000m2 site in the Conroe Park West industrial park.
"We are convinced that, together with our colleagues in the USA, we will be able to continue our business under the new name with continued increasing success," said Gress.