Kalmar to buy forklift hire and service business

News Story
- 1 Feb 2007 ( #295 ) - STOCKHOLM, Sweden
1 min read
Santos Brasil S/A ordered Kalmar's E-One RTG.
Santos Brasil S/A ordered Kalmar's E-One RTG.
Kalmar has signed an agreement to buy an industrial sales and service business in northern Sweden.

Kalmar CEO Christer Granskog said the acquisition targeted growth in Sweden and bolstered Kalmar as a full-service provider in wood handling to pulp and paper mills and sawmills. Kalmar said in a statement that it aimed to merge its existing regional organisation with the Swedish company.

Both parties agreed not to disclose the transaction value.

Truck och Maskin i Örnsköldsvik AB, based in the Swedish province of Norrland, was established by Anne Eriksson in 1981. The company employs almost 100 people in sites throughout Norrland. It specialises in long and short-term hire of forklifts and logstackers, with or without drivers, and service contracts for major paper and pulp mills and sawmills. The company has four workshops, two in Örnsköldsvik and one each in Piteå and Kramfors. Annual sales for the fiscal year ended April 30, 2006, were about EUR14 million (USD18.1 million).

The agreement to acquire Truck och Maskin i Örnsköldsvik AB is subject to competition authority approval.

Separately, Kalmar has won an order for 12 E-One rubber-tyred gantry (RTG) cranes from South American terminal operator Santos Brasil S/A. Santos Brasil ordered 7+1 wide and 1-over-6 high units after receiving its current fleet of five Kalmar conventional hydraulic RTGs in early 2006.The order value was not disclosed.

Kalmar has also secured an order from Finnsteve Oy AB to build four ship-to-shore cranes. The cranes will be operational by November 2008 at the Vuosaari Port, in Finland. Finnsteve specialises in handling unitised cargo - containers, trucks and trailers - at the Ports of Helsinki, Kotka and Turku.
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