The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 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.
Eurofound (2021), Tokvam, Reshoring in Sweden, factsheet number 301, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/301.
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