Nordic firms can handle it
Article Abstract:
Scandinavian firms dominate the global materials handling industry. Reasons for this situation include the early development of sophisticated equipment to meet the demands of domestic industries. Major Scandinavian players have been consolidating their leading positions. Leading electric truck manufacturer BT industries AB acquired US warehouse truck manufacturer Raymond Corp. in 1997 for $373 million, and lift truck manufacturer Kalmar AB merged with Sisu Terminal Systems. Reasons for the merger and acquisition activity include geographic expansion and product range extension.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Nordic: restructuring the banking market
Article Abstract:
Finland-based Merita Pankki bank announced the formation of MeritaNordbanken through a merger with Sweden's state bank Nordbanken in 1997. MeritaNordenbanken will have total assets of $106 billion, making it the Nordic region's biggest financial institute. There will be 760 branches, catering to 6.5 million customers and serviced by 21,000 employees. Merita Pankki acquired Nordbanken for its expertise in customer services, mortgages and mutual funding.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Right man meets the bimbo. Recognising the importance of management
- Abstracts: Laying it on thin: desktop manufacturing. Http://manhattan: netting New York. Nintendo wakes up: video games
- Abstracts: Crisil aims to gain from India's increasing use of debt. India software stocks hot. Sell it yourself: direct sales help makeup brand storm across India
- Abstracts: Bank Handlowy is Poland's largest IPO. Largest Polish trade sale
- Abstracts: Poor France: it still has another five years of Jacques Chirac's presidency to run - never mind the Socialist government