Kalmar buys CVS Ferrari

News Story
- 18 Jan 2007 ( #293 ) - STOCKHOLM, Sweden
1 min read
CVS Ferrari has a new owner, after Swedish manufacturer Kalmar agreed to buy the Italian company.

CVS would operate as a separate entity, retaining its brand and its forklifts would be sold through its existing distribution network, a Kalmar statement said.

No acquisition value was disclosed, although industry sources speculate it was close to CVS's net sales for 2006, EUR85 million (USD110 million).

CVS Ferrari Group president Giuseppe Ferrari said his family had developed the business for nearly 40 years.

"We believe Kalmar will be a good home and a strong owner for CVS Ferrari in order to meet future global challenges. We see a good fit between the two companies."

Kalmar president Christer Granskog said the acquisition would strengthen Kalmar's presence in new equipment and services in Mediterranean markets.

CVS Ferrari has 100 service technicians in Italy and an established base and dealer network throughout the Mediterranean. Italy, Southern Europe and Africa were its strong markets, the statement said.

CVS, established in 1973, was owned by the Ferrari family. It employs 305 people and has production facilities in Cadeo, Italy.

Kalmar's statement said there would be synergies in "production, sourcing and product development" flowing from the acquisition.
Briefs
Briefs 24 Apr 2025 - 1 min read
Hubtex acquires Genkinger
Hubtex acquires Genkinger 17 Apr 2025 - Fulda, Germany - 1 min read
Ballymore expands with Valley Craft acquisition
Ballymore expands with Valley Craft acquisition 17 Apr 2025 - Coatesville, PA, United States - 1 min read
Previously about:
CVS Ferrari appoints UK distributor News Story - 10 Oct 2024 - Hull, United Kingdom - 1 min read
Taylor Group acquires controlling stake in CVS Ferrari News Story - 8 Feb 2024 - Louisville, MI, United States - 1 min read
CVS Ferrari sold News Story - 24 Nov 2016 - Conegliano, Italy - 1 min read
Manufacturer expands production line in Shanghai News Story - 17 Apr 2025 - Shanghai, China - 1 min read
Movers & Shakers News Story - 17 Apr 2025 - 1 min read
Recycled steel used for Kalmar reachstackers News Story - 10 Apr 2025 - Oxelösund, Sweden - 1 min read
Do you have materials handling news? Submit your news here

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

Showcased in the Virtual Expo

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

Forkliftaction's JOB MARKET

Inside The News
There is simply no ignoring the push for a greener, more sustainable materials handling equipment industry as manufacturers and customers alike seek eco-friendly solutions to reduce or eliminate carbon emissions... Continue reading

PREMIUM business

MAXAM Tire, Inc.
Simplify your productivity with MAXAM's range of performance material handling tires, designed with the latest EcoPoint3 technology.

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!