Cavotec group chairman and CEO Stefan Widegren said: “This merger is a logical next step in the evolution of Cavotec, adding another revolutionary technological solution to our product range and further broadening our already strong presence in the Australasian market.”
He added: “We expect that this merger will both create substantial value for our shareholders and enable Cavotec to operate from a strengthened global platform. As our customers continue their trend towards globalisation, Cavotec remains committed to providing them with correspondingly increased levels of support and service,” Widegren concluded.
Cavotec MSL Holdings Ltd. will now have eight manufacturing centres and 25 sales companies, operating from more than 30 countries and spread over five continents.
Cavotec group president Ottonel Popesco said: “The international nature of our expanding group continues to provide our employees with unique professional challenges and opportunities.” He added: “We are proud of the continuity and longevity of our dedicated professionals, and the scope of this transaction will only serve to bolster this relationship.”
