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NORS CONCLUDES ACQUISITION OF STRONGCO CORPORATION, CANADA

19.03.2020



NORS CONCLUDES ACQUISITION OF STRONGCO CORPORATION, CANADA

Porto, Portugal – March 19, 2020: Nors, S.A. (“Nors”) concluded the acquisition of Strongco Corporation (“Strongco”), a major multiline mobile equipment dealer with operations across Canada. Strongco sells, rents and services equipment used in diverse sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. The Company has approximately 500 employees serving customers from 26 branches in Canada.

“We believe that Strongco will benefit from Nors’ global presence and brand recognition and our years of experience in the automotive and construction equipment industry will further enhance their superior performance and future growth. We are thrilled to welcome Strongco to the Nors family,” commented Tomás Jervell, Chief Executive Officer of Nors.

This strategic acquisition will strengthen Strongco’s presence in the marketplace and position them to provide greater support to our customers across Canada.

About Strongco

Strongco Corporation is a major multiline mobile equipment dealer with operations across Canada. Strongco sells, rents and services equipment used in diverse sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. The Company has approximately 500 employees serving customers from 26 branches in Canada. Strongco represents leading equipment manufacturers with globally recognized brands, including Volvo Construction Equipment, Case Construction, Sennebogen, Manitowoc Crane, including National and Grove, Fassi, Konecranes, Allied Construction, and ESCO.

About Nors

Nors is a Portuguese based private company that sells, rents and services construction, infrastructure, mining and forestry equipment, trucks, busses, cars and marine and industrial engines in 16 countries in four continents: Portugal, Spain, Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Turkey, Brazil, Angola, Mozambique, Botswana, Namibia, Mexico and the USA. The company was founded in 1933, has 3,600 employees and a turnover of over €1.6 billion. Nors represents leading heavy equipment manufacturers with global brands like Volvo Construction Equipment, Volvo Trucks, Volvo Bus, Volvo Penta, Renault Trucks, UD Trucks, DongFeng Trucks, SDLG, Sennebogen, Grove, Epiroc, Sandvik, Case IH, Kohler-SDMO, Yale and Hyster.

For further information:
Rui Miranda, CFO
Tel: +351 226 150 320
Email: rmiranda@nors.com

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