Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire its Belgian distributor Catracom. Catracom has been distributing Kalmar equipment since 1985. Catracom has a strong service set-up in the port of Antwerp as well as equipment rental business at ports and heavy industry customers in Belgium. The agreement signed between Cargotec and Catracom is subject to competition authority approval. The parties have agreed not to disclose the transaction value.
Catracom employs approximately 100 people and had net sales of approximately EUR 70 million in 2005. Catracom