PaperAge Magazine

BRUKS and Siwertell Combine to Form Bruks Siwertell Group

BRUKS - bulk material handling The combination of Bruks Siwertell Group creates a full line supplier for almost all types of bulk materials with global market coverage.

May 9, 2018 - JCE Group of Sweden and Cargotec of Finland have established a market leading dry bulk handling group combining their companies, BRUKS and Siwertell. The new group will act under the name Bruks Siwertell Group and will be owned by JCE Invest and Cargotec Sweden.

The combination of Bruks Siwertell Group creates a full line supplier for almost all types of bulk materials with global market coverage.

BRUKS and Siwertell complement each other both in terms of product portfolio and market coverage. Siwertell will benefit from BRUKS' strong position in the US market and access to BRUKS' complete line of bulk handling equipment whereas BRUKS will gain access to Siwertell's Asian network, knowledge and exposure.

The Group sees attractive growth opportunities in both existing and new market segments through a joint offering combining Siwertell's strong capabilities within ship unloading and loading and BRUKS' leading solutions in bulk handling.

The companies expect to finalize the integration by the end of September 2018. During the integration phase there will be no immediate changes affecting customers, BRUKS said.

Bruks Siwertell Group will have sales of around SEK 1.4 billion and employ some 360 people, with offices in Sweden, US, Germany and Lithuania and a global network of representatives.

About Siwertell

Siwertell is a world-leading supplier of ship unloaders, road-mobile unloaders, port-mobile unloaders, ship loaders, mechanical and pneumatic conveying systems, and bulk terminal solutions.

BRUKS is a global leader in mechanical engineering and equipment supply for the bulk materials handling industries. To learn more, please visit: www.bruks.com.

SOURCE: BRUKS