ThyssenKrupp Buy Leading Australian Supplier of Sheet Pile

ThyssenKrupp GfT Bautechnik GmbH, Essen, Germany, has supplemented its systems business in Australia by acquiring as of December 19, 2007, the entire stake in Australia's Sydney-based Steelcom Pty Ltd.

Steelcom is Australia's leader in the market for selling and hiring sheet pile and accessories plus the related piling equipment. The company which currently has a workforce of 14, is headed by former owner Richard Neville Cook who will remain with the company.

Founded in 1983, this company has for many years operated as a successful distributor for ThyssenKrupp GfT Bautechnik in the Australian market. "The takeover of Steelcom signifies for us a stronger presence in the Australian and New Zealand markets and blends in perfectly with our global business model," explains Rolf Oberhaus, Management Board member of ThyssenKrupp GfT Bautechnik." Over the years ahead Australia will be investing heavily in its infrastructure, and such construction works are for us the ideal business environment, also for our civil engineering machinery systems."

Steelcom is already being networked with the existing activities in order to provide customers with even more added value. Vast cross-selling potential is also available through the ThyssenKrupp Mannex affiliate.

With an integrated range of machinery, plant and equipment backed up by customer-focused services, ThyssenKrupp GfT Bautechnik, a member of ThyssenKrupp Services, specializes in supplying complex system solutions. Sheet pile consultancy, engineering drawings including design and piling schedules plus aftermarket services complete the range of capabilities accounting for the company's foremost position in port construction and specialty civil engineering.

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