Karl Kolb GmbH & CO. KG and ELWE Technik GmbH Join Forces
Education is the Way Forward - Technological Know-How for Emerging Countries
Karl Kolb has announced that it will be entering into a cooperation agreement with technical training systems specialist ELWE. Karl Kolbwill expand its own product range by acquiring a stake in ELWE Technik, a move which provides ELWE with a higher degree of visibility and awareness in all relevant markets.
Karl Kolb's investment in ELWE signals the company's commitment to the growing markets of the Middle East and Africa. Good training forms the basis of technical expertise, and this makes training systems a key factor in achieving economic prosperity.
KARL KOLB Managing Director Dr.Michael Fraenzel explains the economic benefits of the cooperation agreement. "All the indications are that demand for technical training systems in the educational sector is particularly high on the Arabian and African market. By joining forces with the prestige products offered by ELWE, we are able to bring total experience of 120 years to bear in the fields of production and export and in the commissioning of training equipment."
Other news from the department business & finance
