GRI Acquires Netherlands-Based Klumpenaar Industriebanden

GRI Acquires Netherlands-Based Klumpenaar Industriebanden

The acquisition marks GRI’s fifth global acquisition in five years.

GRI recently announced it acquired Klumpenaar Industriebanden BV located in the Netherlands, a move it says expands the company’s global footprint and growth trajectory.

Founded in 2010, Klumpenaar Industriebanden BV has been actively engaged in the Material Handling tire aftermarket service and distribution business. The company has grown its business rapidly since inception and built a sound reputation for outstanding customer service, according to GRI.

We are happy to welcome Klumpenaar to the global network of GRI. The European market has always held exciting growth prospects for GRI, and the Netherlands has been a focal point,” said Prabhash Subasinghe, GRI managing director. “We have been associated with Klumpenaar since the company became a full importer of GRI tires in 2018, and we see immense potential to grow our business even further in the Netherlands. I thank the management team of Klumpenaar, and all stakeholders involved, for their tireless efforts in building this company, supporting GRI and making this acquisition a success.”

“GRI has been enjoying a vibrant presence in Netherlands through its high-grade Material Handling tire range comprising of ULTIMATE XT, PEAKMASTER and GLOBESTAR WIDE TREAD,” added GRI CEO Mahesha Ranasoma. “Klumpenaar has always prided itself on providing customers with a great product and a high level of service. We are happy to be inheriting this legacy from them as they pass the baton over to GRI to continue with this successful growth story.”

Since its establishment in 2010, Klumpenaar Industriebanden BV has already set up a fully-fledged warehouse and office complex from which to operate, GRI says. The company comes with a talent pool of experienced professionals, some of whom have over 30 years of experience in the specialty tire market and have gained the trust and respect of customers across the Dutch market.

GRI says this is the fifth global acquisition it made in the last five years. Prior to this, the company acquired entities in the U.S., Australia, Spain and the Baltics, to grow in these respective markets. 

You May Also Like

Australian Workshop Equip. Leaders Visit Spain’s Cojali Plant

Australia’s Burson Equipment Team took part in Jaltest diagnostics factory training at the Cojali plant.

Burson Equipment, one of Australia’s leading national workshop equipment sales and service providers, has extended the division’s premium equipment knowledge and experience following a five-day visit to the Cojali research, design and manufacturing headquarters in Spain during late 2022.

Cojali is a three-decade strong multinational manufacturer of components, advanced diagnostics equipment and predictive maintenance and remote diagnostics solutions for commercial vehicles, construction and agricultural equipment, material handling equipment and vessels. 

Hitachi Astemo, Trend Micro, VicOne Collab on Connected Cars

The companies are aiming for commercialization by 2025.

Canoo Partners with GCC Olayan

Through the partnership agreement, GCC Olayan will be the exclusive distributor of Canoo EVs in Saudi Arabia.

NEXUS Automotive International Accelerates Growth in Africa

IAMAGA includes 34 Africa-based members and their affiliates.

BG Automotive Unveils Expanded Product Range

Ten new references have been added across BGA’s steering & suspension, cylinder head cover and timing chain ranges.

Other Posts

Volvo Venture Capital Invests in Autonomous Trucking Tech

Waabi is developing next-generation artificial intelligence technology to solve autonomy at scale.

LIQUI MOLY Generates €800M in Sales in 2022

The company says in 2022 it was able to compensate for global challenges through its strategy and quick action. 

First NEXUS Academy Held At AVI Technician Conference

More than 250 technicians attended classes on Jan. 13-14, eager to learn and sharpen their automotive technical knowledge. 

Prospects for the Brazilian & South American Auto Industry

Julian Semple, consultant and manager of CARCON Automotive in Brazil, discusses 2022 results and prospects for 2023.