Vestergaard Company and Kalmar Motor has announced that Vestergaard Company has acquired the remaining shares in Kalmar Motor, hereby being the sole shareholder of the company.
Vestergaard Company’s acquisition of Kalmar Motor is a natural next step in the close cooperation between the companies.
The strategic partnership began in 2017 and have proved very fruitful and beneficial for both.
Since its beginning the cooperation has developed and expanded, where the companies today work closely on both Sales and Service.
“We are delighted to have been given the opportunity to continue the proud legacy of Kalmar Motor”, says CEO at Vestergaard Company, Stefan Vestergaard.
“We are extremely proud to be able to bring together the best-in-class products and offer our customers a strong brand such as Kalmar Motor.
“Both companies place a great emphasis on delivering highly efficient and sustainable airport equipment to customers around the world.”
Magnus Johansson, CEO at Kalmar Motor adds: “It has been important for me to ensure the continuity of Kalmar Motor – for the benefit of the customers and employees.
“Our long-term partnership has been a success, and I am confident Vestergaard Company is the best owner to take Kalmar Motor to the next level.”
Vestergaard Company and Kalmar Motor will continue as independent companies and brands.
Magnus Johansson will continue as Board member in the Board of Directors, offering his support in the transition period.
The cooperation between the companies will be further strengthened to position each better for future growth.
In the short term, investments have been made to increase the production capacity in Kalmar Motor, in order to keep up with the growing demand for their innovative electrical tractors.