25.04.2014

MOBA ups stake in Novatron

German overload and electronics company MOBA taken its stake in the Finish manufacturer Novatron to 49 percent

MOBA acquired an initial 25 percent stake in Novatron in 2011 and integrated Novatron’s Xsite excavator systems into its product portfolio, while its subsidiaries and distributors marketed Novatron products outside of the Nordic region - see:MOBA buys into Novatron.

MOBA vice president David Shelstad said: “MOBA's decision to intensify its participation in Novatron was due to the steady market growth in Scandinavia, the successful co-operation during the last three years and a close cooperation with OEM customers."

Novatron managing director Jukka Tervahauta added: “By reinforcing our partnership, MOBA and Novatron aim to create further synergies, particularly in areas of technology and product development.”