Acquisitions

Local News
- 21 Dec 2006 ( #291 )
2 min read
Kalmar parent buys Spanish distributor
STOCKHOLM, Sweden

Kalmar has signed an agreement to acquire the majority shareholding of its Spanish distributor Kalmar Espana SA.

Kalmar Espana has been a Kalmar agent since 1991. According to a Kalmar statement, the distributor has a strong customer base in the heavy industrial handling and port industries.

It employs six people and had net sales of about EUR11.3 million (USD14.8 million) in 2005. The acquisition value was not disclosed.

Kalmar announced in September it was buying its Belgian distributor, Catracom (Forkliftaction.com News #278).

European Commission approves Kion buy
WIESBADEN, Germany

The European Commission has cleared the acquisition of the Kion Group by Goldman Sachs Group Inc and Kohlberg Kravis Roberts & Co (KKR).

According to Dow Jones International News, the commission said the deal would not create antitrust problems because few Goldman Sachs and KKR-owned companies used Kion's equipment.

The private equity companies are paying EUR4 billion (USD5.27 billion) for Kion.

Bourgas buys 70 per cent of Balkancar company
SOFIA, Bulgaria

Bulgarian company Bourgas Shipyards Co Ltd has bought a 70 per cent stake in forklift manufacturer Balkancar Dunav for LEV4 million (USD2.69 million), the Bulgarian News Digest reported.

Bourgas will pay the forklift producer's debts within six months of the acquisition, as part of the deal. Balkancar Dunav's debt stood at LEV2.2 million (USD1.48 million) as of September 30, 2006.

Balkancar Dunav, based in the port city of Lom, exports 95 per cent of its products to Europe (Forkliftaction.com News #281).

Cascade acquires more attachments
Oregon, US

Forklift attachment manufacturer Cascade Corporation, based in Fairview, Oregon, last week announced it has acquired PSM Corporation, a manufacturer of construction attachments based in Woodinville, Washington.

Cascade president and CEO Robert Warren said the acquisition would "allow us to better serve existing PSM customers, significantly expand our geographic scope in the Americas, and begin producing construction attachments and tools in China for the Chinese domestic markets," he said.

Cascade CFO Andy Anderson said the acquisition was "expected to add between USD20 million and USD30 million in revenue in 2007." He said the purchase price "was approximately USD40 million before working capital adjustments."
Also Read:
Cargotec plans Kalmar-Hiab separation
Cargotec plans Kalmar-Hiab separation 4 May 2023 - Helsinki, Finland - 1 min read
Zeppelin Group acquires CP ApS 
Zeppelin Group acquires CP ApS  4 May 2023 - Munich, Germany - 1 min read
Mitsubishi Heavy Industries invests in PolyCharge
Mitsubishi Heavy Industries invests in PolyCharge 27 Apr 2023 - Tucson, AZ, United States - 1 min read
Previously about:
Product news News Story - 14 Oct 2021 - 3 min read
Briefs News Story - 6 Sep 2007 - 1 min read
Balkancar plant turned to housing News Story - 13 Jul 2006 - SOFIA, Bulgaria - 1 min read
Cabooter takes delivery of electric reachstacker News Story - 25 May 2023 - Venlo, Netherlands - 1 min read
Cargotec plans Kalmar-Hiab separation News Story - 4 May 2023 - Helsinki, Finland - 1 min read
Movers & Shakers News Story - 20 Apr 2023 - 2 min read
KION and Li-Cycle strike a partnership News Story - 30 Mar 2023 - Frankfurt, Germany - 1 min read
Movers & Shakers News Story - 10 Mar 2022 - 1 min read
KION begins work on new plant in China News Story - 20 Aug 2020 - Frankfurt, Germany - 2 min read
Do you have materials handling news? Submit your news here
Inside The News
Our thoughts go out to the people of Italy as they attempt to recover from the recent devastating floods. Manufacturer Carer was among those affected, with the factory inundated. Work... Continue reading

PREMIUM business

Tailift Material Handling USA Inc
Part of Toyota Industries Group - Leading manufacturer of High-quality machines.

SNDC, manufacturer of electric air conditioning systems, will exhibit at TOC Rotterdam (13-15 June, Booth G.60) and Inter Airport Munich (10-13 October).
We are pleased to introduce our new range of electric air conditioners, especially with heat pump technology, and refrigerant service stations for reefer containers.
SNDC is well known for their innovative solutions, don’t hesitate to visit us at these trade shows dedicated to Terminal Handling.

Visit sndc.net.

Words of support …

There's no question we've achieved increased awareness, and in more regions than we thought. We know this both from anecdotal evidence and our own monitoring via digital analytics.

Hamish Clark, President - SEEN Safety Inc.

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

Forkliftaction's JOB MARKET

Veshai Handling Equipment Co. is the premier designer & manufacturer of electric lifting & materials equipment.
Veshai not only provides the whole series of standard trucks, we also specialize in specific & multi-function handling equipment, such as vacuum lifters, rotating clamps, rough terrain jacks & stackers, & more. All of Veshai's MA series stackers are standardized with a multi-function fork carrier. For any popular special containers, we aim to provide the best solution for safe and efficient operations.
Veshai is seeking partners worldwide to establish long term co-operation. Contact us! 

PREMIUM business

Flexi Narrow Aisle Ltd
Leading manufacturers of very narrow aisle (VNA) equipment.

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

Forkliftaction's JOB MARKET

Inside The News
Our thoughts go out to the people of Italy as they attempt to recover from the recent devastating floods. Manufacturer Carer was among those affected, with the factory inundated. Work... Continue reading

PREMIUM business

Lift Technologies Inc.
Global leader - manufactures masts, carriages, sideshifters & fork positioners

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

Forkliftaction's JOB MARKET

XCMG is the largest manufacturer of construction machinery in China. XCMG retained the No.1 position in China's construction machinery industry for 33 consecutive years, and is ranked No.3 in the global construction machinery industry in 2022.
We are looking for Material Handling Machinery Partners all over the world. If you are interested, please get in contact and you're welcome to join us! 

Contact us! | Whatsapp: +86 15852243987
Tel: 86-0516-87739198 | Web: www.xcmg.com