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.
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It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

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To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

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It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.