Fersa Bearings enters into strategic partnership with Knorr-Bremse TruckServices
A strategic alliance to accelerate the Spanish multinational’s growth in Europe and consolidate its premium positioning while reinforcing Knorr-Bremse’s product portfolio.
Fersa Bearings announces a new strategic partnership with Knorr-Bremse TruckServices, the commercial vehicles aftermarket brand of Knorr-Bremse AG. With headquarters in Munich, Germany, Knorr-Bremse is the global market leader for braking systems and other systems for rail and commercial vehicles. Starting immediately, Knorr-Bremse TruckServices will become a strategic sales partner for wheel bearings and wheel hubs from Fersa Bearings, complementing Knorr-Bremse’s own wheel-end portfolio.
The objective of the strategic partnership is to reinforce Knorr-Bremse’s product portfolio for commercial vehicles in Europe. Knorr-Bremse will incorporate the full range of Fersa products for wheel-end and axle applications in commercial vehicles, including trucks, buses and trailers. The cooperation between the two companies will strengthen the presence of Fersa Bearings in the European market through Knorr-Bremse’s network of distributors.
“The strategic alliance between Fersa and Knorr-Bremse TruckServices is intended to serve as a springboard from the initial European market in order to access wider international opportunities,” says Pedro Pablo Andreu, Chief Operating Officer of Fersa Group. “The partnership strengthens the ties between the two companies and heralds the beginning of a long term relationship. With this alliance, Fersa Bearings will accelerate the growth in Europe and consolidate our positioning as a premium European specialist in heavy-duty truck applications. We have taken yet another step forward in our strategy of growth and presence on the European market.”
Carlos Oehling, Chief Executive Officer of Fersa Group, says: “as an OEM supplier, we are very excited about our joint partnership with Knorr-Bremse. Knorr-Bremse TruckServices has a strong partner network in the aftermarket sector, and this represents a real opportunity to achieve even greater market penetration with our wheel bearing solutions. This partnership is creating vital synergies as we seek to further expand our aftermarket business.”