Goldhofer and Francis Klein Machine Tools (FKMT) Technologies of Bangalore, India, have signed a Joint venture agreement for the production of ground handling equipment. The deal means that FKMT will handle the production and sales of Goldhofer’s range of cargo and aircraft tow tractors for the Indian market and establish a service hub and training centre there.
Goldhofer said that the first phase of the Bangalore operation will involve manufacturing of its conventional BISON aircraft tow tractors and SHERPA baggage and cargo tow tractors.
The agreement with FKMT Technologies will enable Goldhofer to intensify its activities in the Airport Technology division in one of the world’s fastest growing ground handling markets.
Lothar Holder, CEO at Goldhofer, and head of airport technology commented: “The joint venture agreement signed today is a first important step for us to respond to the growing demand for our airport vehicles on the Indian subcontinent. The predicted doubling of air traffic volumes in India by 2027 will only be possible with the help of more aircraft and thus more tractors. We are therefore delighted that we now have a proven and experienced local partner on board who will support us in developing and expanding our market presence in this dynamic environment.”
For FKMT Technologies, the contract was signed by the company’s directors Ghanshyam Agrawal and Anil Agrawal. “We are proud of the fact that Goldhofer – one of the world’s market leaders for ground support equipment – has chosen our company to advance its market presence in India. The preliminary discussions convinced us that we are on the same wavelength with regard to high quality standards in manufacturing and a strong customer orientation,” said Mr Agrawal, adding: “We are very much looking forward to working with Goldhofer’s experienced ground handling experts, which will certainly benefit both partners.”