Nexion Group brand Corghi will present its latest automotive repair and maintenance innovations at Automechanika Frankfurt (September 13 to 17, Stand G96, Hall 8.0). The show will mark the brand’s return to the exhibition circuit after a break of more than two years, prompted by the pandemic. The Corghi team said it is thrilled to be able to meet customers and partners again at the trade fair that brings together the entire automotive aftermarket value chain.
Leading Italian garage equipment maker, Nexion Group, will not participate in Autopromotec 2022 because “the conditions are not yet in place to ensure a presence capable of best representing the prestige of its brands, while guaranteeing the safety of its customers and employees”.
Nexion SpA has agreed to acquire Kompunet Informatica, a leading software and data provider in the automotive sector. As a result, Kompunet will become part of the Nexion Group. Kompunet CEO Antonio Russo will remain in the group carrying out the Kompunet projects.
Corghi has upgraded its range of wheel balancers for premium garage work with the new Plus classification distinguishing advanced features and benefits. The latest machines are available exclusively through Rema Tip Top in the UK.
The Nexion Group has suspended all activities at its Italian factories and offices until Sunday 29 March. The company had managed the situation by minimising risk to its employees while continuing some business functions until now but has taken the decision to enact the closure based on current circumstances. The company, best known for the Corghi brand of garage machinery distributed by Rema Tip Top UK, states that it will use the closure as an opportunity to “check, improve and guarantee” health and safety measures currently in place at its plants.
Private equity firm One Equity Partners (OEP) reports making a “significant minority investment” in Italian workshop machinery and automotive solutions company Nexion S.p.A. Financial terms of the private transaction have not been disclosed.
Automotive servicing equipment supplier Nexion has acquired a majority shareholding in Denmark’s Stenhøj Group. Nexion acquired 75 per cent of Stenhøj Group, with a 25 per cent share in the company remaining in the hands of the previous owner, the Dyoe family. The deal, completed on 8 March, sees Nexion, already a global leader in the automotive equipment sector with the Corghi, Bright, HPA-Faip, Mondolfo Ferro, SICE, Orlandini, Tecnomotor, and Teco brands, extend its portfolio to the Danish Group’s products and services in the automotive aftermarket range, which include Dunlop, Autop, Sherpa, Molnar, Bradbury, Tecalemit, Gemco, and its eponymous Stenhøj brand. This list illustrates the current period of consolidation in the garage equipment sector; the acquisition comes two years after the formation of the Corwei joint venture with Bright, an important Chinese competitor.
During May’s Autopromotec, leading Italian garage machinery firm Nexion Group and Chinese garage equipment-maker Bright Technology announced that they have formed a joint venture.
According to the two companies, the two firms have formed a third company that will allow Bright and the Nexion Group to “assert itself as a leader in the industry and be active on all global markets with a full range in all product segments from the top of the range to the entry level”.