Kalmar acquires LSV electric tractor line

As part of the deal, LSV will transfer the immaterial assets for Kalmar and act as Kalmar’s contract manufacturing partner for the electric terminal tractor product range. The transaction is scheduled to complete on 1 September 2023.

Hermanni Lyyski, vice president, Terminal Tractors, Kalmar, said: “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.”

Lonestar Specialty Vehicles, headquartered in Texas, specialises 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.

The new electric terminal tractor product line will be added into Kalmar terminal tractor portfolio under the brand name Kalmar TX.

Kalmar, a subsidiary of Cargotec, says it is investing in its electric terminal tractor range with a new third generation model aimed at the global market currently in development.

The new Kalmar TX product line will be available in the Americas region.