TBA - Software Solutions & Services for ports, terminals & warehousesThe Mississippi Valley Trade & Transport CouncilTMS Tanker Conference 2018OvetTMS Awards 2016 winnersMULTIMODAL 2019
  • TMS Tanker Conference 2018
  • Bühler GmbH
  • MULTIMODAL 2019
  • TBA - Software Solutions & Services for ports, terminals & warehouses
  • Vigan Engineering S.A
  • Sailors Society

Cargotec to establish a JV specialised in dry bulk handling with JCE Invest AB

Cargotec to establish a JV specialised in dry bulk handling with JCE Invest AB

(Posted on 09/05/18)

Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The ownerships are included to venturers' consolidated financial statements in accordance with the applicable regulation. The transaction has been signed and closed on 9 May 2018.

"This joint venture supports Cargotec's strategy to focus on container ports, heavy industrial segment and logistics. Siwertell's business is outside these core focus areas, with different customers, customer locations and limited synergies with the rest of our businesses. By joining forces with JCE Group, we are able to create a company that will be a significant player in the bulk material handling with a globally competitive and specialised product portfolio," says Antti Kaunonen, President, Kalmar.

"This is a true partnership between two strong brands, Siwertell and BRUKS, as they complement each other very well both in terms of product portfolio and market coverage. Siwertell will benefit from BRUKS's strong position in the US market whereas BRUKS will gain access to Siwertell's Asian network, knowledge and exposure. Together we will be a full line supplier for almost all types of bulk materials", says Per Karlsson, Managing Director, Siwertell.

"Together BRUKS and Siwertell will have a strong position in the dry bulk handling industry and attractive growth opportunities in new markets and customer segments including biomass, bioenergy and biofuels industries. This cooperation will add customers, competence, additional knowledge, capabilities and products to support the future growth of the new company", says Peter Jonsson, Group CEO, BRUKS.

Siwertell is a world-leading supplier of ship unloaders, road-mobile unloaders, port-mobile unloaders, ship loaders, mechanical and pneumatic conveying systems, and bulk terminal

solutions. Most equipment is customised according to individual bulk operating requirements, but the company also offers standardised products. In 2017, Siwertell generated total revenues of SEK 582 million and it employs 114 people in Bjuv, Sweden.

BRUKS is a global leader in mechanical-engineering and equipment supply for the bulk materials handling industries. The company provides specialised customer solutions, including the development of custom machines and systems. BRUKS product portfolio offers a wide variety of customised solutions for the bulk materials handling industry. In 2017, BRUKS generated total revenues of SEK 707 million and it employs 246 employees in Sweden, USA, Germany and Lithuania.

Latest News

Bulkship Management chooses Alfa Laval

(Posted on 16/03/19)

Oslo-based Bulkship Management AS has chosen Alfa Laval PureBallast 3 for compliance in ballast water... Read more


World-first approval for LifeCraft

(Posted on 16/03/19)

The Danish Maritime Authority (DMA) has officially approved the VIKING LifeCraft Survival Craft as a... Read more


Optimising fire-fighting capability

(Posted on 16/03/19)

Maritime, offshore and defence safety company Survitec has launched a unique backpack in which... Read more


Mantsinen sets new standards

(Posted on 11/03/19)

While trends on the market tends to be “go big or go home”, the Finland-based material handling... Read more


Martin enters Middle East market

(Posted on 11/03/19)

Global leader in bulk handling equipment Martin Engineering has entered the Middle East market by forging... Read more


Plastic energy chains fuel coal transportation

(Posted on 11/03/19)

When it comes to coal, the United States is one of the world leaders in exports and production. The... Read more


Konecranes wins Yilport order

(Posted on 11/03/19)

In the first quarter of 2019, Turkey-based Yilport Holdings, the 12th biggest global container terminal... Read more


Phoenix Lighting acquires Bright Light Systems

(Posted on 26/02/19)

Phoenix Lighting, a portfolio company of JMC Capital Partners, has announced the acquisition of Bright... Read more


thyssenkrupp to deliver new Peruvian copper mine system

(Posted on 26/02/19)

One of the world’s largest copper reserves will soon be accessed with the help of high-capacity... Read more


50-years of Liebherr-Werk Ehingen

(Posted on 26/02/19)

On 22 February 1969 Hans Liebherr founded Liebherr-Werk Ehingen GmbH. Customers use the company's mobile... Read more


Port of StocktonTOC EventsPort of BelleduneSailors SocietyCleveland Cascades LtdBühler GmbH
  • Cleveland Cascades Ltd
  • Telestack
  • Cimbria Bulk Equipment A/S
  • The Mississippi Valley Trade & Transport Council
  • The Maritime Standards Awards 2018

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping