Sweden's Cavotec Group strengthens customer base with acquisition of ground support equipment manufacturer Combibox, also of Sweden.
Cavotec explains their success at generating added value for customers and the Group by applying technologies perfected for airports to port applications for ships: an approach Combibox has also adopted.
“With more than 30 years of experience in the airports industry, Combibox is extremely well-established; it has an outstanding customer base with product references all around the world. This will enable the Group to further improve its offering and expand into new markets,” explains Cavotec CEO Ottonel Popesco.
Combibox’s product range – in-ground systems that supply aircraft with air, fuel, electrical power, and fresh and blue water – complements Cavotec’s systems offering.
Crucially, Combibox’s excellent customer base provides Cavotec with a large number of new opportunities that will help support the future growth of the Group. The acquisition will add new and reinforce existing markets for Cavotec across Asia, the Baltics, Scandinavia, Eastern Europe, and India. Combibox is extremely active on the market, and until now has been one of Cavotec’s main competitors in the sector.