Working with Sister Companies
Featured in Muncie Power Quarterly, Issue 2, 2016
In 1999, Muncie Power Products joined the Interpump Group, a multinational operation based in Reggio Emelia, Italy. For Muncie Power, the decision to join the Interpump Group has led to the creation of multiple, mutually beneficial relationships with our fellow sister companies under the Interpump Group brand.
These collaborative relationships among Muncie Power and our more than dozens of sister companies, have only matured over the course of these last 16 years. Today, we together make up a diverse product portfolio, offering all major components of a hydraulic system and high-pressure water jetting systems.
As sister companies, we don’t compete within the marketplace, but instead work together to supply products in order to meet the needs of our customers.
Working with our sister companies has provided Muncie Power with numerous advantages, including additional access to market intelligence, collaboration on best practices, and sharing in the peaks and valleys of the business cycle.
Through collaboration and working with our sister companies, we have been able to expand our product offering in regards to PTOs, pumps, valves, and other related products in the mobile hydraulics market. Beyond product expansion, this collaboration has also expedited the timelines in which we have been able to bring these types of products to market.
In the future, we believe that we could see even more collaboration with our sister companies, as some European products have been introduced into the North American truck equipment market and American transmissions continue to penetrate European markets.
When this happens, and we are charged with supplying a product to work with those products traditionally considered the European standard, our European sister companies are a huge asset in terms of insight, skills, and resources to helping meet this product need for our customers.
And while collaborating may take on a different form with those sister companies outside of the hydraulic sector, such as those in water jetting, we still collaborate with each of our sister companies in some way. From accounting to human resources, to legal and policy administration, we have collaborated to find the best practices for the Interpump Group as a whole.
None of this collaboration is possible without a firm foundation upon which each relationship is built. For this reason, at Muncie Power we make it a priority to not only establish these relationships with our sister companies, but to continue building upon and nurturing them.
We do our best to apply the same philosophy to our relationships with sister companies as we do with our own employees and customers, which means being open, transparent, and intentional in everything we do. If there is information to share, we are happy to do so and strive to always be consistent in our communication efforts.
Our sister companies—much like the Interpump Group and our own employees—are a part of our team. And at the end of the day, when one of us succeeds we all do.
