Kalmar acquires industrial sales, service business in northern Sweden
Sweden’s Kalmar Industries, providers of heavy-duty material-handling equipment to ports, has signed an agreement to acquire Truck och Maskin i 'rnsk'ldsvik AB, a sales and service company assisting industrial handling customers in Norrland, the northern region of Sweden.
Financial details of the transaction, which is subject to competition authority approval, have been withheld by the parties.
“Industrial customers are an important part of Kalmar’s business and the need to support this segment is increasing. This acquisition targets the growth in Sweden and bolsters Kalmar as a full-service provider in wood handling to pulp and paper mills, and sawmills,” said Christer Granskog, Kalmar’s chief executive officer and president.
Truck och Maskin employs about 100 people located in several sites throughout Norrland and specializes in the long and short-term hire of forklifts and logstackers, with or without drivers, including service contracts, to major paper and pulp mills and sawmills. The company posted annual sales for its fiscal year ending April 30, 2006 of about 14 million euros ($18.1 million).
Kalmar said it plans to merge its existing regional organization with that of Truck och Maskin and will assume all services and other contracts previously fulfilled by the company.