As part of the AMMEGA brand, the two belt supplier companies will combine their knowledge, research and development to enhance their level of customer service and technology.
Stijn Vriends, CEO, AMMEGA, said with over 5,000 employees, more than 25 manufacturing facilities, and over 100 commercial and sales centres around the world the name will represent ‘a new global leader in belting’, at a time when there is an increasing demand for automation.
“Ensuring continuity, especially in the way we serve our customers, is a top priority,” added Marc Maisonneuve, corporate marketing director, AMMEGA.
Partners Group, private investers announced the acquisition of Megadyne Group, power transmission belts, from Astorg and Ammeraal Beltech, conveyor belting, from Advent International for €2bn in July.
Megadyne, based in Turin, Italy, develops and manufactures polyurethane and rubber belts for use in power transmission and conveying systems.
Ammeraal, based in Alkmaar in the Netherlands, manufactures, distributes and maintains conveyor belts for a range of applications including food processing.
The two companies have highly complementary product and service offerings.
Giorgio Tadolini, CEO, Megadyne, said at the time, the merger was ‘an important milestone in the history of the company’.
“We see a strong cultural fit with Partners Group and also with Ammeraal and believe the planned merger could cement a lasting legacy for both companies,” he said.
“Given recent industrial trends, we are convinced that numerous growth opportunities still lie ahead of us and look forward to benefiting from Partners Group's proven track record of investment in the industrials sector as we aim to capture this growth."