VDL Groep and Pinnacle Industries Announce a Joint Venture to Provide Specialized Engineering Services for Production Automation Industry Globally

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VDL Groep and Pinnacle Industries announce Joint Venture to provide specialized engineering services for production automation industry globally
VDL Pinnacle Engineering India - Strength through cooperation

PUNE, India, August 2, 2016 /PRNewswire/ —

Pinnacle Industries and VDL Groep of Netherlands announced the establishment of VDL Pinnacle Engineering India in Pune (India) today. This joint venture will provide specialized engineering services for the production automation industry worldwide, focusing primarily on Body in White (BIW) weld shops. The company will provide services in process engineering, tool design, robot simulation, layouts and facilities engineering.

Cooperation

VDL Pinnacle Engineering India will supply optimised turnkey solutions as per the requirements of the Indian automotive OEM’s and their Tier 1 partners. It will also provide solutions to VDL Steelweld; a Dutch company that has several automotive customers in Europe, US and China.

VDL Pinnacle Engineering India will also be providing engineering services in product design for other VDL Groep companies such as the VDL Bus & Coach companies.

While Pinnacle Industries brings an in-depth knowledge of the Indian market, the VDL Groep will provide the technical support and global expertise to this JV. The JV aims to become a preferred partner to the Indian automotive industry and also within VDL Groep in the near future.

This is the first Joint Venture for the VDL Groep in India and marks their foray into the fast growing Indian automotive market.

Speaking on the occasion, Mr. Sudhir Mehta, Chairman & Managing Director, Pinnacle Industries and Chairman Confederation of Indian Industry (CII), Western Region stated, “We are delighted to partner with the VDL Groep, which is one of the most prominent and reputed family-owned industrial groups of Europe. VDL brings the best-in-class technology coupled with their extremely strong network of 87 operating companies across Europe.”

Mr. Theo Toussaint, Executive Vice President and Member of the Executive Board, VDL Groep, added, “Our Joint Venture with Pinnacle marks our first foray into the fast growing Indian automotive space. Our strong technical abilities, coupled with the highly-skilled engineering resources available inIndia, will support not only our business for the Indian Automotive OEM’s but also the worldwide operations of VDL Groep.”

For more information, visit: http://www.vdlpinnacle.com

About Pinnacle Industries

Pinnacle Industries, founded in 1996, is India’s largest commercial vehicle seating and interiors’ company. Pinnacle Industries has several associate companies focussed on various diversified industrial businesses in India.

About VDL Groep

VDL Groep, with its head office in Eindhoven (The Netherlands), is an international industrial company focused on the development, production and sales of semi-finished products, buses & coaches and other finished products and the assembly of cars. Since the founding in 1953 this family-owned company has grown to include 87 operating companies, spread over 19 countries with more than 11,000 employees and a turnover of 2.7 billion euros. For further details, visit: http://www.vdlgroep.com