Demag - Neuman & Esser
Demag - Neuman & Esser
Demag - Neuman & Esser
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P C TM<br />
These international customers will be primarily serviced<br />
by their local NEAC Compressor Service locations that<br />
already provide their support for all of the existing<br />
NEUMAN & ESSER product lines.<br />
Since PENN compressors were typically built to API 618<br />
design requirements, most of these compressors are<br />
found in downstream applications in oil refining, chemicals,<br />
air separation, and the food and beverage industries.<br />
Currently, it is estimated that approximately 3,000<br />
of these compressors are still active worldwide with<br />
approximately 1,000 different customers.<br />
Brian Bertelsen, President of NEAC USA, commented,<br />
"The PENN acquisition is a great fit for our US operation.<br />
This product is very similar to the Chicago<br />
Pneumatic line so we should have a smooth<br />
transition and be able to step right in to<br />
meet our new PENN customers’ needs.<br />
We will add a significant number of<br />
machines to our active compressor<br />
population and the PENN product<br />
will allow us to demonstrate<br />
the NEA GROUP’s expertise<br />
and capabilities to<br />
some new customers<br />
as well."<br />
This take-over will certainly<br />
not be the last<br />
addition to the portfolio,<br />
for as long as the<br />
compressor market<br />
remains in a continual<br />
state of development<br />
and change, NEA<br />
GROUP will continue<br />
to seek out opportunities<br />
to build on its market<br />
position as a global<br />
player and its reputation<br />
for quality and customer<br />
service in compressor<br />
technology.