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Australian acquisition for Kalmar

Kalmar has acquired the port services business of Inver Engineering, with completion due prior to year end.

Established in 1981, Inver Engineering is based in Melbourne, and offers a range of services to ports, rail, petrochemical, oil and gas and manufacturing industries. The Port Services division employs 23 and provides repairs, maintenance and crane refurbishment work for major terminal operators across Australia, New Zealand and the Pacific, revenues this year were roughly A$7.75 million (€5 million).

Kalmar Asia-Pacific senior vice president Peter McLean said: "We are excited to welcome the Inver Port Services team to Kalmar Australia. The region is a strategically important market for Kalmar and this acquisition further strengthens our capabilities to serve our customers in ports and terminals across the region. Furthermore, we see great synergies in building our current offerings with Inver Port Services and providing our customers with a more comprehensive range of services. Inver's strong brand and good reputation among their customers will help us take the next step in executing our services strategy."

Inver Port Services director Stuart Smith added: "Kalmar's investment provides an excellent platform for the further development of Inver Port Services' personnel competencies, enabling us to better support our existing customers throughout the region and expand our business globally."