Ferronordic acquires authorized workshop in Lorsch, Germany
Ferronordic has signed an agreement to acquire Truckservice Bergstrasse GmbH & Co KG, an authorized Volvo and Renault Trucks workshop in Lorsch, Hessen. The acquisition is in line with Ferronordic’s strategy to expand and improve its service network in Germany. The investment amounts to EUR 4.0m (SEK* 41m). The transaction is expected to be completed in October 2021.Truckservice Bergstrasse GmbH & Co KG (“Bergstrasse”) is operating an authorized workshop for service and repairs of Volvo and Renault trucks. In addition, Bergstrasse operates a small business for trucks rental and sales of