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Wirtgen.

Wirtgen trusted Acclime with its expansion across China after a long history of working together in Hong Kong.
  • Client industry:
    Manufacturing
  • Services:
    Market entry advisory, Company formation, Financial controls & reporting systems

Introduction

Acclime played a fundamental role in the formation of Wirtgen Hong Kong in 1990, and has since then acted as Wirtgen’s company secretary. When Wirtgen needed to establish subsidiaries across the mainland, it naturally turned to Acclime for help.

The challenge

Wirtgen first engaged Acclime, or Fiducia as it was called at that time, to establish its subsidiary in Hong Kong, and thereafter provide the essential corporate secretary role in keeping the company on a track of excellent corporate governance, with reporting back to head office in Germany, with German language support for clear communication.

Over the years, the company’s sales grew in mainland China and the need to establish a presence in Beijing, Shanghai and Guangzhou became paramount. For such a widespread expansion to be successful, Wirtgen needed a professional services provider who had the reach to offer local expertise in each location while remaining sensitive to the corporate governance requirements of head office in Germany.

Our solution

Acclime’s teams in Beijing, Shanghai and Guangzhou offices used their networks and local expertise to ensure the successful set up of Wirtgen’s subsidiaries in each of the cities. Oversight from Acclime’s senior leadership ensured that the set up was completed with Wirtgen’s best interests maintained, with reporting and financial controls well established and the necessary business licensing secured.

The result

Acclime’s long and extensive experience of business in China ensured a trouble-free handling of the necessary formalities. The deep understanding of Wirtgen’s business ensured the company could use it subsidiaries to fully maximise sales potential while maintaining a level of good corporate governance to satisfy head office’s requirements.

The assistance provided by Acclime was always reliable and competent, and any requests regarding the establishment of our China offices were taken care of in a timely manner. The employees in both China and Hong Kong are consistently friendly and helpful, and even after completion of the set up formalities, we still maintain a friendly relationship with Acclime’s staff members.

Ulrich Reichert, Managing Director, Wirtgen Hong Kong

About Wirtgen

WIRTGEN GmbH is a global company and market leader in milling technology. With innovative solutions for road construction and mining, Wirtgen has been helping its customers achieve greater success on construction sites around the world for 60 years. www.wirtgen.de/en/

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