DGAP-News: Grammer AG / Key word(s): Miscellaneous
Grammer the exclusive supplier for a leading US producer of material handling equipment

24.04.2018 / 10:59
The issuer is solely responsible for the content of this announcement.


Grammer the exclusive supplier for a leading US producer of material handling equipment

- Grammer the global supplier for leading producer of material handling equipment in the United States in the future

- Entire range to be fitted with Grammer seating systems

- New-generation premium seating systems available for all material handling equipment


Amberg, April 24, 2018 - Grammer, one of the leading international suppliers of components for passenger vehicle interiors and seats for commercial vehicles, has gained a new key-account customer for its seating systems. In the future, a leading producer of material handling equipment will be supplied exclusively by Grammer in the United States, one of the most important markets for off-road vehicles such as tractors and forklifts. Starting from the beginning of 2018, the entire range of this US manufacturer will be fitted with innovative driver seating systems. The seating systems will be produced locally at Grammer's plant in Tupelo, Mississippi. In addition to the high functionality and excellent product quality of the Grammer seating systems, the customer's decision was particularly based on the fact that Grammer as a seating system specialist can produce and deliver the same high-quality products throughout its own global plant network. With this major contract, Grammer's share of the US market will widen from a single-digit percentage to around 25 percent.

"This partnership with a leading producer of material handling equipment in the United States is a great success for us and marks a major step forward in our efforts to widen our footprint in the United States. Grammer is superbly positioned internationally thanks to its own production facilities in the main economic regions. We already supply the market leaders in material handling equipment from Europe and also the United States. The fact that we are now addressing one quarter of the US market with our products is particularly gratifying for us," says Hartmut Müller, CEO of Grammer. "Given the cross-border consolidation of the market for material handling equipment, we want to grow with our customers outside the American market as well."

Leading producer of innovative integrated seating systems for offroad vehicles
Increased human/machine networking and, hence, the rising demands being made of the driver, are calling for optimized cockpit functionality. Consequently, as many controls for vehicle functions as possible are being placed directly in the driver seat and the armrest. With its "Operator Systems", Grammer offers integrated solutions built into the driver seat and a multifunction armrest connected firmly to the seat to directly incorporate a wide variety of different functions and seat adjustment controls. As well as this, the seats developed by Grammer feature the latest results from scientific and ergonomic research.

New-generation seats offering even greater comfort
Grammer has developed a new-generation seat for forklift trucks in particular featuring even more functions and providing an ergonomic and comfortable driving position. The newly developed seat top combined with the low-profile suspension has resulted in a substantially lower seat index point. This means that nearly all types of material handling equipment can be fitted with the premium seat together with its numerous comfort functions. Looking forward, these seating systems will also be delivered to Grammer's new key-account customer in the United States.

Company profile
Located in Amberg, Germany, Grammer AG specializes in the development and production of components and systems for automotive interiors as well as suspension driver and passenger seats for onroad and offroad vehicles.
In the Automotive Division, we supply headrests, armrests, center console systems and high-quality interior components and operating systems to premium automakers and automotive system suppliers. The Commercial Vehicle Division comprises seats for the truck and offroad seat segments (tractors, construction machinery, forklifts) as well as train and bus seats.

With 13,000 employees, Grammer operates in 19 countries around the world.

Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra.




Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com


24.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Grammer AG
Georg-Grammer-Str. 2
92224 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

678029  24.04.2018 

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