Wacker Construction Equipment is now officially trading under the name Wacker Neuson SE, the company said last week, after entering the name in the Register of Companies at the Munich Magistrate’s Court, the company said.
“The conversion to an SE is a fitting move for a company with such an international profile as ours,” said Dr. Georg Sick, CEO of Wacker Neuson SE. “In Europe alone, we have over 20 different affiliates and 120 sales and service stations in different countries. This new legal form allows us to maintain our proven employee participation model and keep two employee representatives on the six-strong supervisory board.”
The company’s headquarters will remain in Munich. Shareholders of Wacker Construction Equipment AG will automatically become shareholders of Wacker Neuson SE.