Way Industries acquired ski lift producer Tatralift
Krupina-based maker of construction machinery and mine clearing vehicles Way Industries (Jozef Marinič) acquired ski lift producer Tatralift Kežmarok from Slavia Capital. The price has not been disclosed. Way Industries, which employs 240, is looking to diversify its production portfolio and take advantage of economies of scale in manufacturing, procurement, and trade. Production will be moved to Krupina, where 30 jobs will be created; product development and trade will be kept in Kežmarok. The new owner aspires to sell €10m in ski lifts next year. Way Industries lost €0.2m last year and its sales grew by 4% to €12.9m. Tatralift lost €1.9m last year and its sales fell by 39% to €3.2m.
(teraz.sk)
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