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Alwark expands and acquires 100% of Linde Material Handling Ukraine shares

2021-09-07
UAB Alwark is expanding its activities into new markets — the company announces that it has acquired 100% of the shares of the Ukrainian company Linde Material Handling Ukraine from Linde Material Handling GmbH in Germany, one of the world's leading manufacturers of forklift trucks and storage equipment. In the Ukraine, Alwark will distribute Linde MH industrial trucks and warehouse equipment as well as the service in the future.

Linde Material Handling Ukraine occupies about 5 percent of the Ukrainian market, and Alwark sees great potential and expects to double its market share in Ukraine in 2-3 years.“We are pleased that Linde Material Handling GmbH values our work. In Lithuania and Latvia, we are one of the market leaders in forklifts and warehousing equipment, we have the trust of our customers, developed services and a technical service network. Entering the Ukrainian market is a new business development opportunity for us”, says Gediminas Šimkus, a shareholder of Alwark . “We hope that Alwark's experience and very strong Linde brand will allow it to cover up to 10% of the Ukrainian market in the next 2-3 years, and in the long run - 20% of the market share".

“We are very pleased to have found in UAB Alwark a long-term partner to take over the distribution and service of Linde forklift trucks in the Ukraine. Over the last years Alwark has successfully developed the business as an exclusive dealer of Linde Material Handling in Lithuania and Latvia”, says Jindrich Kotyza, Senior Vice President and responsible for the Industrial Trucks and Service business of KION in Eastern and South-Eastern Europe.

“Alwark’s acquisition of Linde MH Ukraine is the first step of our ambitious plan aiming at boosting growth and broaden the Group’s product offering. This geographical development is a key milestone in Alwark’s expansion. We are confident that the team will expand Linde’s operations in Ukraine as they did in the Baltic States”, – stated Robertas Beržinskas, Chairman of the Board of Alwark. 

Aleksandr Kostyrko, who has many years of experience in the sale of industrial equipment in Ukraine, has been appointed the new head of Linde MH Ukraine.