NTM Acquires Majority Stake in the JPGS Group to Strengthen Its Trailer Business
The acquisition marks a strategic step in NTM’s long-term commitment to strengthening its Trailer Business, which includes trailers, semi-trailers and bodies for heavy vehicles. The transaction will enhance NTM’s presence in the Swedish market and enable the Group to offer a broader and more competitive portfolio of products and services to customers in Sweden and across the Nordic region.
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By combining NTM’s product portfolio, international presence and long-term ownership approach with the JPGS Group’s market expertise, strong customer relationships, proprietary products and well-established aftermarket business, the companies are creating a solid foundation for profitable growth. The partnership will also strengthen local service and support capabilities while creating additional opportunities for cross-selling both NTM’s and the JPGS Group’s products and services.
“This acquisition is a key part of our strategy to develop and strengthen NTM’s Trailer Business. Together with JPGS, we gain a stronger position in Sweden, a broader offering and enhanced opportunities to create long-term value for our customers. We also see clear potential to further develop sales, aftermarket services and collaboration across our Nordic operations.”
Anssi Alasaari, Director & General Manager, Trailers & Bodyworks, NTM Group
“With NTM as a strong and long-term majority owner, the JPGS Group is well positioned to continue its growth and development. The acquisition provides stability for both customers and employees and enables us to further strengthen our operations in Laholm as an attractive and responsible employer.”
Glenn Lempert-Sjö, Co-founder and Minority Shareholder, JPGS Group
“The JPGS Group strengthens NTM Sweden’s sales organisation and local presence. We will be able to work even closer to our customers, provide faster support and offer a more comprehensive range of products, services and aftermarket solutions. This broadens our offering and enhances our ability to support customers throughout the entire lifecycle of their vehicles and equipment.”
Conny Söder, Managing Director, NTM Sweden
ABOUT THE COMPANIES
NTM Group
Founded in 1950, NTM employs approximately 700 people. The Group develops, manufactures, sells and services transport equipment for heavy vehicles, as well as solutions for waste and recycling collection. NTM’s headquarters are located in Närpes, Finland. The Group has subsidiaries in Sweden, Estonia, the United Kingdom, Germany and Canada, and conducts business in several international markets.
JPGS-gruppen
The JPGS Group, based in Skummeslövsstrand, Sweden, employs approximately 50 people. The Group comprises JPGS Kaross AB, Karosseriservice Skottorp KSS AB, Frigo Trans Products AB and JPGS Förvaltning AB. The companies provide customised box bodies for light and heavy trucks and trailers, as well as service, repairs, modifications and refurbishments for multiple vehicle brands. Its primary markets are Sweden and Norway.
For Further Information
Niclas Pada
Chief Executive Officer, NTM Group
+358 40 5337200
niclas.pada@ntmgroup.com