The Belgian group BEKAERT (turnover of EUR 2.5 billion in 1999 with 16.500 employees) and the Danish AXCEL INDUSTRIINVESTOR announced the creation of a joint venture. The new company will become the largest European company in personalised cattle handling equipment, in the agricultural sector and industrial markets. Know as BEKAERT VARIANT HANDLING SYSTEMS, it will be equally held by the two groups and should reach an annual turnover of EUR 90 million. AXCEL INDUSTRIINVESTOR is co-owner of...