The Minol-ZENNER Group is expanding its global business with the establishment of a joint venture in Turkey.
The Minol-ZENNER Group is expanding its global business operation and underlining its aim of always competing at the forefront with the establishment of a joint venture in Turkey.
Bringing German technology abroad was the declared objective when ZENNER established its first foreign subsidiary in Italy in 1985 and Minol established its first in Poland ten years later. Many other companies were added over the years in Europe, Asia and the USA.
When the two companies merged to form the Minol-ZENNER Group in 2005 ZENNER had grown into one of the leading global manufacturers of water and heat meters. Minol measurement technology for its part is one of the largest global companies in the sector of the recording and billing of heat and operating costs.
Today the global Minol-ZENNER Group comprises almost 30 companies. As different as the countries and the markets are, the motto of Minol and ZENNER has stayed the same – they always want to compete at the forefront.
Most recently Turkey has been added to the countries where the Minol-ZENNER Group is represented with an independent location. The aim here is also to work up to one of the top positions in the market in the medium term. Participation in a joint venture in Turkey under the name of Kodsan Termosar Energy Systems is allowing the Minol-ZENNER Group to enter a market that has been intensively exploited for many years. Core competences are being concentrated and there are great plans with the two joint venture partners Kodsan and Termosar.
Termosar has been distributing heat cost allocators, heat meters and water meters and also undertakes assembly on site. In the sector of heat cost billing Termosar is one of the companies of the first hour. Termosar has been offering billing services since 2008 using its own software.
The partner Kodsan since 1984 is Turkey”s first and largest producer, distributor and exporter of enamel coated water heaters, storage tanks, air separators and balance tanks. In 2000 the company started the production of enamel coated water heaters. Kodsan has a wide service network in Turkey and thus offers the necessary sales structure in order to provide optimum support to growth plans. Today the company currently employs more than 130 highly trained professionals.
The Minol-ZENNER Group produces high quality measurement devices with the brands ZENNER and Minol, which the newly established company will use actively in the distribution and service business in Turkey.
Together the three partners are offering all the devices and services that are required for the recording, processing and billing of consumption data for power and water from a single source. They have the clear objective of already achieving a strong market position in the short term and strive for a market share of 10 percent in the first year.
Bildquelle: Kodsan Termosar Energy Systems
ZENNER International GmbH & Co. KG, with headquarters in Saarbrücken, develops, produces and sells measurement technology for the global market. The product line includes apartment, household and bulk water meters and modern system technology such as remote-controlled and M-Bus systems. Zenner customers primarily include power suppliers and public utilities, but also industrial companies, wholesalers and measurement service providers. ZENNER has production facilities in Europe, Asia and the USA and is globally present with 20 local sites. Founded in 1903, the company has been a member of the family-managed corporate group Minol-ZENNER since 2005. Around 1200 employees work for ZENNER worldwide. More information: www.zenner.com