Arenco acquires KVK
Swedish company Arenco AB has acquired Kalmar Verkstadskompetens AB (KVK).
KVK is active in machine assembly and hiring of personnel for industrial companies and its turnover in 2015 was €1.5m.
Arenco has operations in Kalmar, Sweden and Shanghai, China, and is active in machine assembly, installation and component manufacturing, within the fish processing, packaging equipment and matchstick production sectors.
”With the acquisition of KVK, we strengthen our capacity within machine assembly. An increased workshop, with highly competent staff, gives a flexibility between our manufacturing units in Kalmar and Shanghai, which will be valuable for our customers”, said Håkan Mattisson, managing director of the Arenco Group.
”For us at KVK, we are pleased that Arenco, as a bigger company, chooses to make this acquisition. Together we will have good possibilities to develop our business”, said Andreas Nilsson, managing director at KVK.