From left, Rainer Große-Kracht, member of the management board and chief technology officer at BITZER, Dr Horst Peter Wurm, managing partner of the new Wurm Holding GmbH, and Frank Hartmann, member of the management board and chief financial officer at BITZER
BITZER and automation expert Wurm have signed a joint venture agreement in which the compressor manufacturer will become the majority shareholder of the newly established Wurm Holding GmbH.
As a manufacturer of electronic system solutions for refrigeration, air conditioning and ventilation applications, all national and international Wurm companies will be integrated into the new holding company from January, subject to the approval of the competition authorities.
Dr Horst Peter Wurm will join the management of the new Wurm Holding GmbH and will step down from the operational management of the individual Wurm companies in mid 2019. In the holding company, he will supervise the long-term development and strategic orientation of the group in co-ordination with BITZER. No changes will be made to the management of the Wurm Group, which is made up of senior employees, or to any of its operational sites in Germany or abroad.
Rainer Große-Kracht, member of the management board and chief technology officer at BITZER, said: "We realised how much we could profit from one another technologically and stimulate the market in these challenging times.''