Würth signs international cooperation agreement with STRABAG SE
The Würth Group, world market leader in the trade in assembly and fastening materials signed an international cooperation agreement with STRABAG SE, one of the leading European technology groups for construction services. This means that standardized prices and article descriptions apply to STRABAG businesses in six European countries when purchasing roughly 2,300 items from the Würth product range.
The new framework agreement expands the already existing strategic partnership between Würth and STRABAG by the countries Belgium, Luxembourg and the Netherlands. On a European level, the two companies had already signed a first international framework agreement for Germany, Austria and Switzerland in 2010. In Germany, Würth looks back on more than 15 years of successful strategic cooperation with STRABAG. STRABAG SE belongs to the largest Würth customers in the construction industry.
The new agreement was signed in the presence of Markus Würth (Executive Vice President in the Würth Group), Norbert Heckmann (Chairman of Adolf Würth GmbH & Co. KG) as well as Mathias Ertingshausen (Head of Sourcing, Ed. Züblin AG, Stuttgart) and Ing. Peter Eder (Head of Purchasing, STRABAG, Vienna). "We are pleased that we were able to further expand our long-standing cooperation with STRABAG SE. It proves the trust and confidence that STRABAG places in Würth as supplier", said Norbert Heckmann. "It is the objective of our cooperation to jointly grow in other markets, too." Mathias Ertingshausen: "When working on our orders, we involve selected, tried and tested subcontractors and vendors apart from our own competences and resources in the spirit of quality and economic efficiency. We are happy to have found a well-respected partner in the Würth Group that will support us even more intensively in doing so in the future on the basis of this international framework agreement."
About STRABAG SE
STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machines at the right place and at the right time in order to realise even the most complex construction projects – on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information under www.strabag.com.
About the Würth Group
The Würth Group is the world's market leader in its core business, the trade in assembly and fastening materials. It currently consists of more than 400 companies in over 80 countries with more than 63,000 employees on its payroll. Approximately 29,000 of them are permanently employed sales representatives.
In the Group's core business, the Würth Line, the sales program for craft and industry comprises more than 100,000 products – from screws, screw accessories and anchors over tools to chemical products and personal protective equipment.
The Allied Companies of the Würth Group, which either operate in business areas related to the core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards as well as financial services. They generate approximately 40 percent of the Würth Group's sales volume.