Materials handling equipment manufacturer Kalmar, part of Cargotec, has signed an agreement to acquire the port services business of Inver Engineering in Australia.
The investment reportedly supports Kalmar’s strategic aim to grow in services while strengthening and broadening the company’s existing service capabilities throughout Australia, New Zealand and the Pacific.
The acquisition closed on 29 December, 2017.
Inver Engineering, a privately owned company established in Melbourne in 1981, services ports, and the rail, petrochemical, oil and gas and manufacturing industries, while Inver Port Services, part of Inver Engineering, provides repairs, maintenance and crane refurbishment projects for terminal operators across Australia, New Zealand and the Pacific.
“We are excited to welcome the Inver Port Services team to Kalmar Australia,” said Peter McLean, Senior Vice President, Kalmar Asia-Pacific. “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.”
