PRESS RELEASE dated March 11, 2019
NEXION S.p.A. has acquired 75% of the STENHØJ Group, while the Dyøe family retains a 25% stake. Together, the two companies employ over 2,000 people and generate an annual turnover of more than 340 million euros. This creates one of the leading suppliers of automotive workshop equipment in Europe.
The partnership combines a strong product portfolio: NEXION is internationally renowned for tire demounting machines, balancing technology and wheel alignment. STENHØJ contributes its expertise in lifting platforms, test benches and compressors. Customers benefit from a broader product range, a high level of innovation and a dense service network.
"This is a strong partnership," explained Claudio Spiritelli, CEO of NEXION. Søren Dyøe Madsen, CEO of the STENHØJ Group, also emphasized the importance of the collaboration: the merger is an important milestone in shaping the market in the long term.
About NEXION
NEXION is a family-owned company based in Correggio, Italy. With more than 65 years of experience, it unites brands such as Corghi, Hpa-Faip, Mondolfo Ferro, Orlandini, Sicam and Teco.
About STENHØJ
Founded in 1917 and headquartered in Denmark, the STENHØJ Group is internationally positioned and known for lifting platforms, test benches and compressors. The company includes brands such as AUTOPSTENHOJ, Sherpa, Molnar, GEMCO and Tecalemit.
Further information
Søren Dyøe Madsen
CEO of STENHØJ Group
Tel: +45 7682 1222
Email: slm@stenhoj.dk
NEXION and STENHØJ join forces
Strong alliance for the European automotive workshop equipment market
From the left: Mr. Claudio Spiritelli - CEO NEXION, Mrs. Cynthia Corghi – Co-owner NEXION, Mrs. Lene Dyøe Madsen Co-owner STENHØJ, Mr. Søren Dyøe Madsen – CEO and Co-owner STENHØJ