Ferronordic expands network in Germany with the acquisition of a workshop in Nordhausen
Ferronordic has signed an agreement to purchase the business of Bus und Truck Service GmbH, an authorised Volvo and Renault Trucks workshop in Nordhausen in central Germany. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany. Over the last three years, Bus und Truck Service GmbH generated an average revenue of around EUR 1.5m (*SEK 15m) per year, with an estimated adjusted operating margin of approx. 10%.Bus und Truck Service GmbH provides service and repairs of trucks, trailers and buses in Nordhausen, Thüringen. The company has 14