Jungheinrich and NTP Forklifts Australia Forge Strategic Partnership

PR62242

ADELAIDE, Australia and HAMBURG, Germany, Oct. 20, 2015 /PRNewswire=KYODO JBN/ --

- Jungheinrich acquires majority interest in NTP Forklifts Australia, one of

the country's leading material flow engineering dealerships  

- Company founder Nick Perdelis remains important shareholder   

- NTP Forklifts Australia will continue to operate as an independent brand as

part of the Jungheinrich Group  

Jungheinrich and NTP Forklifts Australia have forged a close, strategic

partnership for the Australian market. To this end, Jungheinrich acquired a

majority stake in NTP Forklifts Australia from the company's founders and

owners Nick Perdelis and John Naffine. The parties agreed not to disclose the

purchase price. In Jungheinrich, NTP Forklifts Australia has found a strong

industrial partner with which to promote and grow a dynamic and sustainable

business well into the future. Nick Perdelis remains an important NTP

shareholder and will be a member of a newly established Board of Directors of

NTP, enabling him to continue being closely involved in the company's fortunes

in the future as well.

Since 2008, NTP Forklifts Australia has been the exclusive partner for

Jungheinrich products in Australia, one of the largest material handling

equipment markets in the Asia-Pacific region. By taking the majority stake,

Jungheinrich is continuing to resolutely enlarge its global footprint in the

direct sales business. "By leveraging from Jungheinrich's industrial

management, we will expand NTP's business with Jungheinrich products in the

Australian market significantly and continue to strengthen our position in the

Asia-Pacific region," says Hans-Georg Frey, Chairman of the Board of Management

of Jungheinrich AG.

Headquartered in Adelaide, NTP Forklifts Australia is represented with branch

offices in all of Australia's major regions. Besides Jungheinrich, NTP sells

Manitou, TCM, Kalmar and Taylor-Dunn branded products. Current business with

these brands is not only to be continued under the new ownership structure, but

to be further expanded. "In Jungheinrich, NTP has found a strong partner with

which we can make our business fit for the future and generate further growth,"

says company founder Nick Perdelis.

NTP currently employs over 230 staff across six key locations. NTP Forklifts

Australia's existing management shall remain in place headed by both Damien

Garvey and Jason Perdelis, with Jungheinrich as majority shareholder. NTP

Forklifts Australia will continue to operate as an independent brand as part of

the Jungheinrich Group.

Jungheinrich AG

Jungheinrich ranks among the world's leading companies in the material handling

equipment, warehousing and material flow engineering sectors. The company is an

intralogistics service and solution provider with manufacturing operations,

which offers its customers a comprehensive range of forklift trucks, logistic

systems, services and advice. Jungheinrich shares are traded on all German

stock exchanges.

NTP Forklifts Australia

First established in 1983, NTP is proud to be one of the leading suppliers of

material handling solutions to the Australian market, providing a diverse range

of leading global brands backed up by an established national network of after

sales and product specific support tailored to customer's needs.

Please address press-related inquiries to:

Jungheinrich AG, Dr. Alexander de Grahl, Head of Corporate Communications

Phone: +49-40-6948-1296, Fax: +49-040-6948-1599,

alexander.degrahl@jungheinrich.de

http://www.jungheinrich.com

Source: Jungheinrich AG