Ferronordic expands network in Germany with the addition of new workshop in Fulda
Ferronordic has signed an agreement to acquire Truck Center Röhn GmbH (”TCR”), an authorized Volvo and Renault Trucks workshop in Fulda, Hessen. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany. In 2019, TCR generated a revenue of approx. EUR 3.9m (*SEK 40m) with an operating profit of approx. EUR 0.6m (*SEK 6m) and 15% operating margin.The business of TCR consists of servicing and repairing trucks and selling spare parts. TCR also operates a small truck rental business. The company currently employs 19 employees, mainly mechanics.