Tokvam

Type
Reshoring
Country
Sweden
Reshoring from
Sweden
Reshored business function
Production
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.9 - Manufacture of other special-purpose machinery
No information on job gains number available
Announcement Date
11 March 2021
Employment effect (start)
11 March 2021
Foreseen end date

Description

Norwegian company Tokvam has relocated the production of brush crushers from Sweden to Norway following its acquisition of Ilsbo Tools AB. This operation also involves the transfer of all Ilsbo product rights and the Ilsbo Tools brand. Tokvam’s production, development, sales, and service is now centralized in its factory in Reinsvoll. This acquisition aligns with Tokvam's goal to become a global provider of year-round "road maintenance" solutions, showcasing a commitment to growth.

Sources

Citation

Eurofound (2021), Tokvam, Reshoring in Sweden, factsheet number 301, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301.