Cargotec Begins Interschalt Restructuring
Cargotec is to begin restructuring at maritime software provider Interschalt, following its acquisition of the company earlier this year.
The re-organisation is estimated to affect Interschalt personnel in Germany, USA (Houston) and China (Shanghai). It is estimated that some Interschalt's production and design work will be discontinued or outsourced and some Interschalt locations will be closed.
Cooperation negotiations have started at Interschalt and they will affect tens of employees. Interschalt employs at the moment 223 persons. Some employees will be offered a transfer to another location within Kalmar or MacGregor. The aim is to finalize negotiations by the end of 2016 and the resulting changes will be completed during 2017. The savings resulting of these activities are expected to amount to approximately EUR two million annually from 2017 onwards.
Cargotec's acquisition of Interschalt was announced in January 2016 and it was completed in March 2016. Since then, the Interschalt software business has been consolidated into Kalmar's software business unit Navis and Interschalt services business has been consolidated into MacGregor business area.
Synergies and overlapping activities have been further investigated in the context of the business environment. "In order to maintain profitability and to ensure effective and consistent operational processes, consolidation is needed in terms of locations, personnel and product portfolio," says Patrik Sjöblom from Kalmar finance.
"We understand that this is challenging times for Interschalt's personnel. However, we must make sure that we continue to sustain our leading position also in the future by being able to invest in product development," Patrik Sjöblom continues.
