The Canadian market is a well-established car wash market with profitable carwash operations, the company said. It provides promising opportunities for selling and servicing Mark VII and WashTec [image-nocss] carwash equipment. The customers are mainly major oil companies or larger operating chains.
A key trigger for this step is a cooperation agreement with Shell Canada for the provision of equipment and services, said the company. In 2010, WashTec will invest several million U.S. dollars into establishing the sales and service network in Canada, it added.
"We are excited to have won the cooperation agreement with Shell in Canada. The set up of a direct sales and service organization in Canada will ensure that all WashTec and Mark VII customers in Canada will receive high-quality service and support," said Thorsten Kruger, CEO of WashTec AG.
"Furthermore, this step puts us in a good position to gain a substantial share in the Canadian market over the next years. We expect to see a further growth in revenues for 2011 together with a positive earnings contribution," Kruger added.
Founded in 1966 and headquartered in Arvada, Colo., Mark VII is a wholly owned subsidiary of WashTec, Augsburg, Germany. The combined companies have a global installed base of more than 30,000 units and sell a complete line of touchfree and friction rollover, self-serve, truck and tunnel carwash systems, as well as ancillary products and services. WashTec AG and Mark VII are not related to or affiliated with Integrated Services Inc., a U.S. company that markets a carwash controller product in the United States under the trademark WashTEC.
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