Finnish trolleys firm buys German competitor
K.Hartwall acquired A&A becoming the majority shareholder.
A&A has a turnover of 4 million euros, 25 employees and has developed the Elephantboard dolly, the LiftLiner Tugger train system, as well as customised AGVs.
“By putting together our strengths we become a major global market player in material handling equipment. K.Hartwall’s experience in Lean Logistics management and international trade gets combined with the A&A expertise. This will enable us to attract new customers and enter new markets as one strong, unified team. We are very proud of this step we are taking together,” says K. Hartwall CEO, Jerker Hartwall.
K.Hartwall counts Schaeffler, Royal Mail, Havi Logistics and Bosch among its customers. It has a turnover of 55 million euros and 160 employees.