Effective 16 January 2014, Karcher acquired Italian sweeping machine manufacturer and metal component producer ISAL. The purchase price was not disclosed.
The two companies had been working together for more than 10 years in the development of industrial sweepers. Following bereavement in ISAL’s owner family, it stepped in to acquire a 100 percent stake.
ISAL will continue to run as an independent business at its current location. The Correggio-based company’s some 800 employees will retain their jobs.
“Our many years of cooperation with ISAL have been marked by great mutual appreciation and respect,” said chief executive officer and chairman of Karcher’s management board, Hartmut Jenner.
“By taking this strategic decision we are raising the bar of our competence in sweeping machine production still higher, and creating a solid foundation for long-term growth.
The corporate culture of ISAL as an innovative family-run firm also fits in with us very well.”