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.
LATEST PRESS RELEASES
The Icelandic tech company Trackwell recently won an open tender to provide Vessel Monitoring System... Read more
Good quality wet weather gear is a must-have for any fishing professional. But finding the best gea... Read more
Good quality wet weather gear is essential when your job involves exposure to the elements, but if y... Read more
Future generations will need to produce more with less. Read more
Actions for investment and financing opportunities together with the day to day practicalities of ru... Read more
Lilja Alfreðsdóttir, the Minister of Education, Science and Culture in Iceland announced the winners... Read more