Austrian-headquartered UNTHA shredding technology has confirmed it has completed the acquisition of UNTHA Germany – in the same month the company reveals €98m global orders from the last financial year.
Over 500 single, two and four shaft Untha shredders are already installed throughout Germany – not to mention the wider DACH region. But in response to rising demand, the company said its investment in people and infrastructure will support the goal to drive 50% growth in Germany alone, over the next three years.
Untha is no stranger to the German market. Since the 1990s, a dedicated distribution partner has driven a local brand presence there. Using the Untha Germany name, the team began to build its reputation throughout the country, particularly when developing sophisticated shredding systems for difficult applications, including production waste, data destruction, e-scrap, nuclear waste, and more.
In fact, as a result of this brand growth, Untha became a minority shareholder in the company in 2014, before investing incrementally in more of the shares, in the years that followed. This led to the creation of two separate entities – a machine sales business, and URT Umwelt- und Recyclingtechnik GmbH, a specialist engineering company with expertise in complex refrigeration and e-scrap recycling plants. Everything at URT remains unchanged, with the successful plant designer a continued independent partner of Untha Germany. But the shredder sales business is now 100% owned by Untha shredding technology.
Untha shredding technology’s CFO, Andrea Gratzer, and head of global sales and business development, Peter Streinik, have become Untha Germany’s Managing Directors. Daniel Wresnik – who has been with Untha since 2009 – has been promoted to Sales Director. Alex Hofmann – who has represented Untha in Germany for over 25 years – has been promoted to Operations Director, with senior responsibility for technical sales support, application engineering, after sales, marketing, and more. There are plans to recruit an additional two colleagues no later than summer, taking the team to 15 people.
