PEI-Genesis has established a German legal entity to support local customers in Europe, particularly Germany. The company will continue to ship connectors from its Southampton, UK warehouse but customers in Europe will benefit from lower freight costs by buying locally, paying only local VAT.
The Southampton facility remains the company’s European base of operations. The facility measures 65,000ft² and houses assembly operations, offices and warehouse space, with stock valued at £10m.
PEI-Genesis’ SVP and MD Europe, Jonathan Parry, said: “We’ve established a German legal entity to provide cost savings to our European customers, particularly those based in Germany. By implementing this German entity, our customers will now be able to buy from us through our local distribution presence, including paying local VAT. We will continue to ship from our Southampton warehouse in the UK.
www.peigenesis.com