Schmitz Cargobull has acquired a 48% share in GT Trailers, a Polish producer of high-volume sets and trailers.
The companies said they intended to bring together their expertise in designing and building superstructures on a rigid chassis, including tarpaulin, boxes, and refrigerated solutions.
The transaction is subject to approval by the relevant competition authorities.
Andreas Schmitz, chief executive of Schmitz Cargobull, said: “Schmitz Cargobull and GT Trailers are both family businesses, with a reputation for reliability and longevity in the industry.
“Not surprisingly, because both companies offer galvanised chassis and bodies with anodised aluminum.
“By merging our innovation efforts and collaborating in sales we expect to increase the market share in the segment of high-volume combinations.”
GT Trailers added that the partnership paved the way for product innovation, as well as market development.
Both companies said they were confident that the deal would be greenlit shortly.
This week, Schmitz said it would increase its prices by between 3% and 5% in response to rising energy, labour and material costs.
