Freighter Group has today announced that International OEM and the European market leader in the trailer industry Schmitz Cargobull, has become an investor in the Freighter Group business.
Schmitz Cargobull has today become a minority shareholder (26%) in the Australian Trailer Solutions Group (ATSG), in a partnership that will continue to set the Freighter Group business up for long term success in the Australian market.
Australian Trailer Solutions Group (ATSG) comprise a group of investors, including a number of Ballarat locals. Since ATSG purchased the Freighter Group trailer business in September 2021, its primary focus has been on supporting Australian manufacturing, its people and delivering a high-quality product for its customers.
“We are extremely thrilled to have Schmitz Cargobull onboard with Freighter Group as a partner,” said Greg L’Estrange, Freighter Group Executive Chairman.
“Schmitz Cargobull has a great reputation for high quality, innovative design and durability across its expansive product offering. To have a Company with such an international reputation see value in our plans for the Freighter Group business is testament to our people and the on-going support of our customers who have helped continue to build the business since ATSG came onboard.”
The partnership with Schmitz Cargobull will allow our businesses to partner on technology, scalability and processes that can then be implemented in the Freighter Group operation.
“The backing of Schmitz Cargobull, coupled with our own investment into the business, will allow us to streamline our processes, deliver global supply chain benefits and allow Freighter Group to continue to focus on delivering outstanding quality and support for our customers,” said Greg. “In addition, it provides access to worldwide trends and technology that we can utilise and leverage in the Australian market.”
“Our investment in Freighter Group offers great potential to unlock manufacturing synergies and introduce advanced technologies to support and contribute to the Australian Trailer Industry,” adds Andreas Schmitz, CEO of Schmitz Cargobull.
“We look forward with great excitement at the future of the Freighter Group business as we work together with our investment partners and continue to support our customers for the life of our product,” said Greg.
