Kalmar announced yesterday that they have acquired the electric terminal production line from Lone Star Specialty Vehicles (LSV) in Texas.. They are headquartered in Texarkana, Texas and specialize in the development and manufacturing of turnkey electric vehicle solutions for the commercial vehicle market. The company deployed the first electric tractor in November 2019, and continues to have a leading position in electric terminal tractors in the U. S. Market. The new electric terminal tractor product line will be added into Kalmar Terminal Tractor Portfolio under the brand name Kalmar Tx. Kalmar continues to invest in deepening its electric terminal tractor range, and is currently developing its third generation electric terminal tractor for the global market.
As part of the transaction, LSV will transfer the immaterial assets for Kalmar and act as Kalmar’s contract manufacturing partner for the acquired electric terminal tractor product range. The transaction is planned to be completed on 1 September 2023.
