Nissan buys Swedish truckmaker

Japanese company Nissan Forklift has acquired family-owned Swedish truckmaker Atlet, based in Mölnlycke outside Gothenburg.

The deal is said to be worth 1.5 billion kronor ($213), business news site reports. Atlet’s CEO Marianne Brismar refused to comment on the purchase price.

“We have decided that it should be confidential. What I can say is that it was fair reward for 50 years’ work,” she told news agency TT.

Atlet employs around 1,000 people – 400 in Sweden – and has a turnover of 1.7 billion kronor. The company was founded in 1958 by Knut Jakobsson, whose family still runs the company.

The purchase is not expected to entail any restructuring plans.

“We have a registered buyer that is trustworthy and has a long term perspective. There are no plans to relocate production – Nissan has bought a going concern,” said Marianne Brismar.

She added that Atlet had previously received other takeover bids but had been reluctant to sell.

Atlet’s product range includes pallet trucks, stackers and other vehicles used for storage.