Kalmar acquires the rights to Lonestar speciality vehicles

As part of this transaction, LSV is transferring all immaterial assets and will act as Kalmar’s contract manufacturing partner for the product range.

Lonestar Specialty Vehicles, headquartered in Texarkana, Texas, is specialised in the development and manufacturing of turnkey electric vehicle solutions for the commercial vehicle market. The company deployed the first electric tractor in November 2019.

Kalmar, part of Cargotec, states that this new electric terminal tractor product line will be added into its existing portfolio under the brand name Kalmar TX and will be available in the Americas region.

Hermanni Lyyski, Vice President, Terminal Tractors, Kalmar, elaborates “The demand for electric terminal tractors is increasing and we want to make sure we have a comprehensive portfolio of electric vehicles available for the market. It is a key strategic objective for us to advance our own and our customers’ decarbonisation journey, and we are excited to widen our existing range of electric solutions with the acquired electric terminal tractor product range.“

Kalmar is part of Cargotec. Cargotec’s (Nasdaq Helsinki: CGCBV) sales in 2022 totalled approximately EUR €4.1bn and the company employs around 11,700 people.