# Motus Nordic acquires majority stake in Klovborg Maskinfabrik

Motus Nordic, a Danish conveyor and industrial gate producer, has acquired a majority shareholding in Klovborg Maskinfabrik, a manufacturer of conveyor systems. The prior owners retain a minority stake.

- Type: Acquisition
- Announced: 2023-09-01
- Where: Denmark
- Status: completed
- Products: conveyor systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Klovborg Maskinfabrik](https://endata.com/companies/15077.md) (target)
- [Motus Nordic Group](https://endata.com/companies/15078.md) (acquirer)

## Sources

- [mainsights.io](https://www.mainsights.io/ma-news/motus-nordic-acquires-klovborg-maskinfabrik), 2023-09-01: "Danish conveyour and industrial gate producer, Motus Nordic, owned by the Bagger-Sørensen family, acquires the majority shareholding in Klovborg Maskinfabrik."

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