15.11.2010

Cargotec acquires Swedish installer

Cargotec has acquired the assets of Swedish installation and service company Hallberg-Ivarsson Hydraulik & Påbyggnad. The company says that the acquisition is part of its strategy to move closer to its customers and invest in services.

Hallberg-Ivarsson Hydraulik & Påbyggnad, which is based in Gothenburg and is owned by its managing director Jan Hallberg. It specialises in installation and services of on-road load handling equipment and heavy vehicles. The company has been a long-term installation and service provider for Hiab cranes and load handling equipment in the region. It employs three full-time and two to three temporary employees.

The transaction includes the takeover of the company's business assets, customer contacts and employees and will complete on 1st January. The business will be integrated into Cargotec's Swedish operations and will move into a shared location with Cargotec's Gothenburg Service Centre for Kalmar and MacGregor product lines. Hallberg will continue to manage the on-road load handling service team.

The parties have agreed not to disclose the transaction value.
Leif Wallin, area director, North Europe for Cargotec said: "Hallberg-Ivarsson has been a valued partner and service provider for Hiab products in the Gothenburg area. Through this acquisition we will move closer to customers and strengthen our position as a full-service provider. Our plan is to put even more resources into our Service Centre in Gothenburg, which will be the first one-stop service shop providing installations, repairs, maintenance and spare parts for cargo and load handling solutions in Sweden."

Hallberg added: "Joining forces with Cargotec offers better opportunities for growth and improved resources in sales, installation and services. This is something that our customers will clearly benefit from."