Gates Acquires Equity Stake in Colinx

Gates Corp., the global leader in power transmission and fluid power systems, has announced that it has acquired an equity stake in CoLinx LLC which provides e-business and logistics services. Gates will use CoLinx logistics services in all CoLinx locations in the U.S. and Canada. The Gates on-line store for industrial power transmission products is planned for launch in the second half of 2006.

From MEMA Industry News

DENVER, CO — Gates Corp., the global leader in power transmission and fluid power systems, has announced that it has acquired an equity stake in CoLinx LLC which provides e-business and logistics services. Gates will use CoLinx logistics services in all CoLinx locations in the U.S. and Canada.

The Gates on-line store for industrial power transmission products is planned for launch in the second half of 2006. The store will be part of the industrial on-line mall at PTplace.com, joining other premium brands and equity members including Rockwell Automation, The Schaeffler Group, SKF and Timken.

The CoLinx system offers Gates Authorized Distributors the convenience of accessing one web site for Gates products and for their other premium brands, thus delivering improved efficiency and responsiveness to the distributor’s customers.

CoLinx manages PTplace.com and the PTbroker system-to-system connection, processing over 8 million transactions per year between Manufacturers and their authorized distributors. CoLinx logistics services process over one million pounds of freight daily. The company currently employs 480 associates managing 950,000 square feet in 6 service centers across North America.

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