# Cargotec and JCE Invest establish Bruks Siwertell Group joint venture

Cargotec signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specializing in dry bulk handling. Cargotec owns 48% and JCE Invest owns 52%. The transaction was signed and closed on May 9, 2018.

- Type: Acquisition
- Announced: 2018-05-09
- Where: Sweden
- Status: completed
- Products: dry bulk handling solutions, ship unloaders, ship loaders, conveying systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md) (partner)
- [JCE Invest AB](https://endata.com/companies/31787.md) (partner)
- [Siwertell AB](https://endata.com/companies/31788.md) (partner)
- [BRUKS Holding AB](https://endata.com/companies/31789.md) (partner)

## Sources

- [kalmarglobal.com](https://www.kalmarglobal.com/news--insights/press_releases/2018/cargotec-to-establish-a-joint-venture-specialised-in-dry-bulk-handling-with-jce-invest-ab/), 2018-05-09: "Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling."

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