Kalmar to buy distributor Catracom

News Story
- 21 Sep 2006 ( #278 ) - STOCKHOLM, Sweden
1 min read
A Kalmar reach stacker.
A Kalmar reach stacker.
Cargotec, of Helsinki, Finland, parent company of Kalmar Industries, has signed an agreement to buy one of its biggest distributors in Europe.

Catracom, in the Port of Antwerp, has been distributing Kalmar equipment since 1985. Since then it has sold 170 Kalmar reach stackers and 1,000 Kalmar heavy forklifts to Belgian ports and industry. Catracom has also delivered more than 200 Terex PPM reach stackers and distributed Terberg tractors since 1994. The company's engineering department manufactures dedicated port equipment, like fork carriages, masts for heavy duty operations and crane spreaders.

Both parties agreed not to disclose the price.

Catracom employed about 100 people and had net sales of about EUR70 million (USD88.9 million) in 2005. Catracom owner and managing director Ludwig Callens would remain with the business, a Kalmar statement said.

Kalmar president Christer Granskog said Catracom had been a strong partner for Kalmar for many years.

"This acquisition supports our strategy of being close to customers at major ports and container terminals around the world. It significantly strengthens our existing service offering and network in the Port of Antwerp."

The agreement is subject to competition authority approval.
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Inside The News
In this week’s Forkliftaction News , we report on the GEP Global Supply Chain Volatility Index which shows Asian supply chains are at their busiest since June 2022 while the US and Europe’s supply chains remain under-utilised. One of the report authors describes the situation as being “as stable as it’s going to get”... Continue reading

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Yale Lift Truck Technologies
Yale offers a full line of forklifts to help customers adapt to today's demanding supply chain.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

PREMIUM business

Yale Lift Truck Technologies
Yale offers a full line of forklifts to help customers adapt to today's demanding supply chain.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

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