Kalmar buys terminal tractor product line in the US
Kalmar, part of the Finnish company Cargotec, will acquire the rights to the electric terminal tractor product line from Lonestar Specialty Vehicles (LSV) in the US. The deal is expected to be completed by the end of the week.
The terminal tractors will become part of Kalmar‘s portfolio under the name ‘Kalmar TX’. As part of the deal, LSV will transfer all intangible assets to Kalmar. In addition, the company will remain on board as a manufacturing partner for the aforementioned product line.
“The demand for electric terminal tractors is increasing and we want to make sure we have a comprehensive portfolio of electric vehicles available for the market,” says Hermanni Lyyski, Vice President, Terminal Tractors at Kalmar. “It is a key strategic objective for us to advance our own and our customers’ decarbonisation journey, and we are excited to widen our existing range of electric solutions with the acquired electric terminal tractor product range. ”
The companies do not give any technical details about the terminal tractor in the press release. But, according to the LSV website, the electric terminal tractor features 13.2 kW on-board charging and a dual DC to DC converter. Depending on the variant, it is also equipped with a lithium-ion battery with 112 or 220 kWh.
Kalmar says it is the global leader in sustainable cargo handling for ports, terminals, distribution centres and heavy industry.