Suppliers of aluminium and PVCU machinery, FOM Industrie and Graf Synergy, have formed a new partnership.
The formation of the new FOM-GS Group commits Graf and FOM to the joint development of existing and new markets, plus the development of shared technologies and software solutions.
This is part of a three-year strategy through to 2020, which seeks to exploit the leadership position occupied by each within their respective and each otherβs markets. Β
A joint statement issued by FOM and Graf said both companies offered βa comprehensive range of productsβ, which once integrated would βcompliment and completeβ the otherβs. The statement said that the shared βownership of intellectual properties, patents and softwareβ would help drive future development.
It added that although forming a new group, both brands will remain intact, βwhile promoting and developing each otherβs extensive product range and commercial strategyβ.
Promac Group, the partner for both companies in the UK, said that the new commercial agreement would support each machinery manufacturer in growing market share.
Joe Hague, Promacβs managing director, said: βItβs a strong indicator of the investment that both companies are making in their operations and offers globally, and here in the UK. We expect to be able to announce some significant innovations shortly.β
The formation of the new FOM-GS Group, creates a combined turnover of more than 110 million euros, employing more than 500 staff.
βThis agreement is the logical next step for the machinery sector,β Joe said. βIn FOM you have a cutting-edge aluminium machinery manufacturer, which is also rapidly establishing itself in the PVCU market. Graf is in a league of its own in the development of high-end PVCU machinery and tooling, with significant scope to grow into new and expanding markets.
βIn establishing a new strategic partnership, both gain access to global leading technologies, infrastructure and networks.β