# Vara Maskinimport acquires majority stake in Ottosson Truck

Vara Maskinimport AB has acquired a majority stake in Ottosson Truck AB, bringing the Hyundai forklift agency into the same group as the Merlo telehandler agency in Sweden.

- Type: Acquisition
- Announced: 2018-01-17
- Where: Sweden
- Status: announced
- Products: forklifts, telehandlers
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Vara Maskinimport](https://endata.com/companies/29439.md) (acquirer)
- [Ottosson Truck](https://endata.com/companies/29440.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/se/hullert/documents/agenturerna-foer-hyundai-forklifts-och-merlo-nu-i-samma-koncern-325009), 2018-01-17: "Moderbolaget till Merlos generalagent i Sverige stärker sin position på den svenska maskinmarknaden."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.