TVH BUYS MAJORITY SHAREHOLDING IN QFS AUSTRALIA

News Story
- 10 Oct 2002 ( #78 ) - BRISBANE, Australia
1 min read
TVH Forklift Parts NV SA has bought a 75 percent shareholding in QFS Australia, an Australian forklift parts supply company servicing customers in Asia-Pacific, Europe, the USA and the United Kingdom.

The purchase price was not released.

QFS general manager Steve Cunliffe said the acquisition substantially broadened the company's presence and product offering in the Asia-Pacific region. The sale gives QFS, which deals predominantly in Japanese forklift spares, access to TVH's more than 270,000 line items covering more than 50 forklift brands.

TVH's 75 percent shareholding was acquired from QFS founder Branko Brkic, who has since retired from the business. Mr Brkic founded QFS with one location in Brisbane, Queensland, in 1985, and had grown the company to five locations Australia-wide, Mr Cunliffe said.

"I cannot think of a better company to be investing in our business. To attract such an investment from a major global player in TVH is real recognition of the success QFS has enjoyed in the world market," he said.

A TVH spokesperson said the QFS shareholding was an attractive opportunity and in line with the company's growth strategy.

"The synergies gained through this acquisition are immediate and obvious for both companies. QFS is a solid business with good people as a foundation, so the investment makes good sense for TVH," he said.
Briefs
Briefs 14 Aug 2025 - 2 min read
Briefs
Briefs 10 Jul 2025 - 1 min read
Best Line and Burwell expand in US
Best Line and Burwell expand in US 10 Jul 2025 - United States - 1 min read
Previously about:
**MOVERS & SHAKERS** News Story - 11 Sep 2003 - BRISBANE, Australia - <1 min read
NAME CHANGE FOR QFS AUSTRALIA News Story - 4 Sep 2003 - BRISBANE, Australia - <1 min read
FREE MASTER PARTS CATALOGUE Advertisement - 20 Mar 2003 - BRISBANE, Australia - 1 min read
TVH an integration enterprise News Story - 29 Nov 2007 - WAREGEM, Belgium - 1 min read
**MOVERS & SHAKERS** News Story - 11 Sep 2003 - BRISBANE, Australia - <1 min read
NAME CHANGE FOR QFS AUSTRALIA News Story - 4 Sep 2003 - BRISBANE, Australia - <1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

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

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

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

Forkliftaction's JOB MARKET