MBO at conveyor company

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The Transnorm Group, the unit load conveying technology provider, has been bought from Swisslog by a management buyout team led by Detlef Walter, chief executive officer of Transnorm Germany. Together with Nord Holding based in Hanover, the management team will hold all of the business shares of Transnorm System Holding, with operative companies in Germany, England, Malaysia and the US.

UK managing director Richard Coles comments: “The acquisition has taken some time, but the outcome and future for the Transnorm Group is very positive as it restores independence and stability, and enables us to focus and invest in the development of our core business.”

Transnorm provides complete turnkey solutions through to stand alone modular conveying units including curved belt conveyors seen in many baggage handling and packaging installations worldwide, 45° merge conveyors, indexing and accumulating conveyors, coding systems, pushers and spiral conveyors.

In future months, Transnorm System expects to announce a new range of products that has been developed using state-of-the-art engineering technology, and which will strengthen its position with customers demanding quality and reliability of conveying products.

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