Southworth International Group, a provider of ergonomic material handling equipment, announced that it has agreed to acquire Marco Group AB, a leading European manufacturer of similar lifting and positioning technologies in Sweden.
Founded in 1935 and headquartered in Ängelholm, Sweden, Marco Group is the market leader in the manufacture of hydraulic lifting tables in Europe.
"Marco’s extensive product line, strong management team and solid base of operations are a natural fit with Southworth. This transaction is strategically important for us for several reasons. First, it accelerates our presence in both European and Asian markets in which we see significant opportunities. Second, it supplements our existing product supply in China, for both domestic and international trade," said Brian McNamara, President of Southworth International Group. "Between the strong presence in the European market and the extensive manufacturing capabilities globally, we feel that we can gain a competitive position not only overseas but domestically as well. We are thrilled to welcome Marco Group AB to the Southworth family," McNamara concluded.