MOBA expanding by increasing its holding in Novatron

German equipment technology specialist MOBA is increasing its stake in the Finnish firm Novatron. MOBA Mobile Automation has acquired an additional 24% stake in the Finish excavator system manufacturer Novatron and now holds a 49% total share of the business. ”The steady market growth in Scandinavia, the successful cooperation during the last three years and a close cooperation with OEM customers“, explained David Shelstad, MOBA’s vice president, as the main reasons for MOBA’s decision to intensify the part
April 25, 2014 Read time: 2 mins
Jukka Tervahauta, Managing Director of Novatron Oy.
German equipment technology specialist 1228 MOBA is increasing its stake in the Finnish firm 734 Novatron. MOBA Mobile Automation has acquired an additional 24% stake in the Finish excavator system manufacturer Novatron and now holds a 49% Total share of the business.

”The steady market growth in Scandinavia, the successful cooperation during the last three years and a close cooperation with OEM customers“, explained David Shelstad, MOBA’s vice president, as the main reasons for MOBA’s decision to intensify the participation in Novatron. “By reinforcing our partnership, MOBA and Novatron aim to create further synergies, particularly in areas of technology and product development”, said Jukka Tervahauta, managing director of Novatron.

 In 2011 MOBA acquired an initial 25% stake in Novatron and immediately integrated Novatron’s Xsite excavator systems into its product portfolio. Both companies’ marketing cooperation will continue to operate: MOBA, its subsidiaries and its international dealer network will market Novatron excavator systems globally. Novatron will continue to offer excavator systems in Finland, Norway, and Sweden, and will market MOBA leveling systems for graders, dozers, milling machines, pavers, and rollers in these countries, working closely together with MOBA’s existing dealers.
Earthmoving & soil compaction Asphalt milling, paving & compaction Connected Construction

For more information on companies in this article

Related Content

  • CNH Industrial to manufacture Sumitomo designed 13-35tonne crawler excavators
    April 29, 2014
    CNH Industrial is to manufacture Sumitomo designed crawler excavator models between 13-35 tonnes at specific plants within its manufacturing network from mid-2016. The announcement comes after CNH Industrial agreed to enter into a new technology license and component supply agreement with Sumitomo (S.H.I.) Construction Machinery, a wholly owned subsidiary of Sumitomo Heavy Industries.
    Read More
  • LiuGong unveils its 'top ten' target
    February 6, 2012
    LiuGong Machinery Corporation has unveiled and discussed a bold five-year strategy, which directs the company towards breaking into the top ten construction equipment brands globally. The Chinese company, which set a company record in wheel loader sales in 2009, achieved another major milestone, saying it has built and sold its 200,000th wheel loader. To celebrate the milestones it hosted a conference and celebration ceremony in Beijing for customers, industry partners and the industry trade, where the stra
    Read More
  • Dozers and graders provide finishing cut
    November 6, 2012
    Established players face increasing competition in the market for bulldozers and graders - Mike Woof reports The world’s largest manufacturer of construction equipment, Caterpillar is a company with a strong position worldwide and this has all grown from its track type tractor range. Caterpillar has long dominated the bulldozer market, as well as being involved in the grader segment since the inter-war period. The firm’s history ties it directly to the development of the crawler track with Ben Holt’s track
    Read More
  • Chinese construction equipment manufacturers increasing export focus
    December 2, 2013
    Chinese firms are growing their expertise in terms of products and international sales – Mike Woof reports China’s major off-highway construction equipment manufacturers have grown in a relatively short period and now number amongst the largest players in the sector. Some of the key firms are looking to boost exports and are providing tough competition, particularly in the emergent markets. Best known for its wheeled loaders, LiuGong has been developing its excavator range, with production of the E
    Read More

Highlighted Content