Ferronordic grows network in Germany with the addition of workshop in Limburg
Ferronordic has signed an agreement to acquire Thomas Nutzfarzeuge GmbH and the related real estate (“Thomas”). Thomas is an authorised Volvo and Renault Trucks workshop in Limburg, Hessen. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany. In 2019 and 2020, Thomas had an average annual revenue of EUR 4.8m (SEK* 49m) with an average operating profit of approx. EUR 0.8m (SEK* 8m).Thomas Nutzfahrzeuge GmbH is operating a workshop for service and maintenance of trucks and buses in Limburg an der Lahn, located on the A3 motorway between