Brubakken to buy the Malthus Lift & Maskin AB
Malthus and Brubakken are in agreement under which Brubakken will take over the Lift & Maskin business unit of the Malthus group
Over the years, Malthus has taken Lift & Maskin to one of the largest independent suppliers of aerial working platforms in the Scandinavian countries. In order to continue develop and grow, further requirements are put on our business. An initial step last year was to make Lift & Maskin a separate business unit within the Malthus group. This has given us a much better dedication and focus. As we still are small to further develop the business to our ambitious goals we have, for some time, been exploring the possibilities of finding an owner for Lift & Maskin, where we could have additional winning synergies.
About Brubakken www.brubakken.no
Brubakken is a flexible full-service supplier who import, sell and rent forklifts and other machinery. Among others Brubakken have several exciting agencies such as the Nissan Forklift, TCM, Hubtex, Konecranes and Terberg. They are working with major customers in industry and logistics. Brubakken have a total of 115 employees of who 70 are service technicians in 15 local service locations, particularly in Norway but also in Sweden. Brubakken estimated sales for 2012 is 350 MNOK.
Both Brubakken and Malthus Lift & Maskin have the same ambition to become the leading supplier of equipment and service in the Nordics. There are significant synergies between aerial platforms and truck. The basic technology is largely the same with many similarities in organization and systems. Brubakken will add a significant service structure in Norway that will give Lift & Maskin a unique market position, while the structure and the network Lift & Maskin has in Sweden will create the basis for Brubakken’s Scandinavian ambitions. All dedicated to even more effective and efficient serve, develop and support the market and our customers.
After this merger we step into a new division for larger companies with an estimated turnover of 560 MNOK.
The acquisition is expected to be completed by 1 June 2012.