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20 January 2019 The on-line newspaper devoted to the world of transports 22:36 GMT+1

May 10, 2018

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Joint venture Cargotec - JCE in the segment of means for solid bulk handling

It is realized with the fusion of the branches Bruks and Siwertell

The Finnish means producer of raising and Cargotec handling has signed an agreement with financial institution JCE Invest AB of the Swedish investment trust JCE in order to constitute joint venture Bruks Siwertell Group that will be specialized in means of solid bulk handling and that it is instituted with the fusion of the respective societies integrally controlled Bruks and Siwertell.

The Bruks Swede, that she has a annual turnover of beyond 80 million euros, plans, she constructs and she commercializes machinery and systems for handling of materials and the industry of the wood working. Siwertell, whose annual volume of transactions exceeds 55 million euros, work in the field of the means supply of cargo-drainage ship, belt conveyors, mechanical systems of transport and tires and systems for rinfusieri terminals.

The transaction is completed yesterday and Bruks Siwertell Group turns out participated 52% from JCE Invest and to 48% from Cargotec.

"These joint venture - Antti Kaunonen has explained, president of the Kalmar (Cargotec group) - is online with the strategy of Cargotec to concentrate on the ports container, the segment of the heavy industry and on the logistics. The activity of the Siwertell finds outside these areas key, with various customers and in different resorts and with limited synergies with the remainder of our activities. Joining the forces with group JCE we are able to create a company that will be a meaningful actor in the segment of handling of materials helter-skelter with a total of producing competitive and specialized pocketbook".

"Draft - it has emphasized the managing director of the Siwertell, For Karlsson - of a true one partnership between two marks strong, Siwertell and Bruks, than is completed mutual much well is in terms of pocketbook of producing that of cover of the market. Siwertell - it has specified Karlsson - will benefit from the strong position of Bruks in the American market, while Bruks will obtain the access to the Network, the acquaintances and the visibility in Asia of the Siwertell. Together we will be suppliers of complete lines in order almost all the types of materials helter-skelter".

"Entirety - it has agreed the managing director of the Bruks, Peter Jonsson - Bruks and Siwertell will occupy a position of relief in the field of solid bulk handling and will have interesting opportunities of increase in new markets and segments of customers between which the biomasses, the bioenergies and the biocarburanti. This cooperation will bring customers, competences, ulterior acquaintances, abilities and producing to support of the future increase of the new society".

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