Kalmar marks it commitment to India with agency acquisition
Kalmar Industries has established its own subsidiary company in India through the acquisition of 51% of Indlift, which has been the agent for Kalmar products in India since 2000.
Indlift employs 18 staff and has operations in Mumbai, Khandla, New Delhi, Vizag and Bangalore. The previous owner of Indlift, Vijay Kumar, will take up the position of Managing Director of Kalmar India.
Christer Granskog, President and CEO, Kalmar Industries, comments:
This acquisition fits in with Kalmar strategy of boosting its direct involvement in sales and services in its major markets.
Kalmar has enjoyed a successful partnership with Indlift. The company longstanding experience and dedication to customer service will form a basis from which Kalmar can establish its own operations in India.
According to Mr Kumar, Kalmar investment in India marks its commitment to playing an integral role in the development of the country port industry:
India is opening up and becoming a key growth market for container and heavy materials handling equipment and related services. With the acquisition of Indlift, Kalmar will be well placed to bring the best available technology, service and support to its customers in India.
There are several projects presently in place in India to modernise existing ports and establish new facilities. Total container volume is estimated to be more than 4 million TEU in 2005, continuing the 10% average growth trend of recent years. India railway network is also one of the largest in the world, providing a healthy market for inland terminal development. Meanwhile, industrial activities are also developing.
Kalmar has a strong presence in India with around 200 Kalmar machines – ranging from RTGs and reachstackers to terminal tractors and FLTs – working in the country ports and terminals industry.
Kalmar Industries has established its own subsidiary company in India through the acquisition of 51% of Indlift, which has been the agent for Kalmar products in India since 2000.
Indlift employs 18 staff and has operations in Mumbai, Khandla, New Delhi, Vizag and Bangalore. The previous owner of Indlift, Vijay Kumar, will take up the position of Managing Director of Kalmar India.
Christer Granskog, President and CEO, Kalmar Industries, comments:
This acquisition fits in with Kalmar strategy of boosting its direct involvement in sales and services in its major markets.
Kalmar has enjoyed a successful partnership with Indlift. The company longstanding experience and dedication to customer service will form a basis from which Kalmar can establish its own operations in India.
According to Mr Kumar, Kalmar investment in India marks its commitment to playing an integral role in the development of the country port industry:
India is opening up and becoming a key growth market for container and heavy materials handling equipment and related services. With the acquisition of Indlift, Kalmar will be well placed to bring the best available technology, service and support to its customers in India.
There are several projects presently in place in India to modernise existing ports and establish new facilities. Total container volume is estimated to be more than 4 million TEU in 2005, continuing the 10% average growth trend of recent years. India railway network is also one of the largest in the world, providing a healthy market for inland terminal development. Meanwhile, industrial activities are also developing.
Kalmar has a strong presence in India with around 200 Kalmar machines – ranging from RTGs and reachstackers to terminal tractors and FLTs – working in the country ports and terminals industry.