R. STAHL acquires Tranberg AS
R. STAHL AG and the shareholders of Tranberg AS of Stavanger, Norway have entered into a contract of sale transferring title to the enterprise to R. STAHL Technologies with effect of 1 October 2006. The purchase price remains undisclosed. The Norwegian company develops, manufactures, and distributes lighting and signal systems used in ship building and on helicopter landing decks in addition to producing explosion protected heating and control systems for industrial applications. Tranberg employs 60 persons at its Stavanger site and realised some EUR 1m EBT on 2005 sales of EUR 10m. Thanks to the resulting synergy potential, management expects additional global sales growth in the medium term.
Kockum Sonics Acquires LMI
Loadmaster International Inc. (LMI) announced a new ownership structure. LMI, with offices in both California and Malmö Sweden, was formerly owned jointly by Herbert Engineering Corp.(HEC) of Alameda, California and Xantic BV of The Hague Netherlands. to sole ownership as a subsidiary of Herbert Engineering Corp. Kockum Sonics Marine productlines consist of acoustic signal systems Tyfon“,levelgauging systems Levelmaster“, and LoadRite“ loading computer, all with strong positions on the market. Through the acquisition Kockum Sonics will be able to provide another very strong brand, LOADMASTER“ to the market and will fortify its position as a leading supplier of marine components and systems worldwide.
