KALMAR has agreed to acquire the port services business of Inver Engineering in Australia.
This investment in Inver Port Services is said to supports Kalmar’s aim of growing in services while strengthening and broadening its existing capabilities in Australia, New Zealand and the Pacific.
The acquisition is to close on December 29.
Inver Engineering is a privately-owned company that began in Melbourne in 1981 servicing ports, rail, petrochemical, oil and gas and manufacturing industries.
Inver Port Services is said to have a strong record in repairs, maintenance and crane refurbishment for major terminal operators.
Kalmar Asia-Pacific senior vice president, Peter McLean, said they were 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,” Mr McLean said.
“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, said Kalmar’s investment would provide an excellent platform for development, enabling better support of existing customers and allowing for global expansion.