Vestergaard bought significant share in Kalmar, Sweden-based Kalmar Motor AB
11 May 2017
Denmark’s Vestergaard Company has bought a significant share in Kalmar, Sweden-based Kalmar Motor AB. Vestergaard Company’s investment in Kalmar Motor is the result of a mutual agreement between the management of both companies that the two GSE manufacturers can further benefit from an elaborated future cooperation. Since January 2015, the US-based subsidiary, Vestergaard Company Inc. in McHenry, IL, has served as Kalmar Motor’s service partner in North America. Vestergaard’s investment in Kalmar Motor should be seen as a desire to further strengthen what has proved to be a fruitful and mutual beneficial cooperation between the two companies. Kalmar Motor will benefit from Vestergaard Company’s organisation, and well-established presence in several markets. The cooperation will primarily focus on sales and service efforts worldwide. Both companies will continue to work and produce at their own facilities in respectively Kalmar in Sweden, Roskilde in Denmark, and Laem Chabang in Thailand.