Licensee becomes subsidiary
Hubtex makes Hubtex Australia a wholly owned subsidiary
With effect from September, Hubtex Maschinenbau from Fulda takes over 100 percent of the shares of the previous licensee Hubtex Australia.
With this acquisition, the industrial truck manufacturer aims to significantly expand its business relationships in Australia and is pursuing an international growth strategy - even in the current difficult economic situation.
The takeover makes Hubtex Australia not only a subsidiary, but also the largest branch outside Germany. In addition to the main branch in Sydney, HUBTEX Australia has its own locations in the major cities of Melbourne and Brisbane; further service branches are located in Adelaide and Perth. A total of 50 employees work at the locations.
Alongside Europe and the USA, the Australian market is one of the most important global markets for Hubtex: with around 700 machines, the industrial truck manufacturer currently has the highest vehicle density compared to other markets worldwide.
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