News service and business centre for materials handlingHOME

Kalmar buys CVS Ferrari

Thursday, 18 Jan 2007 ( #293 ) - STOCKHOLM, Sweden
News Story
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.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.