Bozela Parts AB's headquarters in Ed, Sweden.

TVH Swedish subsidiary Bozela Parts AB has taken over a large part of warehouse truck specialist Kentruck International.

Bozela managing director Hans-Olov Blom says the company saw the opportunity to expand its business in the Nordic market when Kentruck went bankrupt. He did not disclose the acquisition value.

Bozela will take over Kentruck's spare parts, production parts and intellectual property. It will then supply Kentruck parts for internal transport and handling equipment.

"All goods are currently being listed and inputted into Bozela's system. As soon as this extensive task has been completed, Bozela will be able to guarantee an optimal delivery service for this [Kentruck's] range," Blom says.

Kentruck International, a hand pallet truck and small warehouse truck producer, was established in 1961. Its annual turnover was about SEK17 million (USD2.8 million). Its 30 employees will not be joining Bozela.

Bozela of Ed, Sweden, was established in 1976 but was acquired by TVH in 2004. The company specializes in forklift spare parts for the Nordic market. It has 16 employees and an annual turnover of about SEK47 million (USD7.8 million).