Eco Log, SP Maskiner announce merger
By Eco Log
By Eco Log
In the spring, the merger between Eco Log and Gremo was announced. Now SP Maskiner AB is also joining the joint group and for Eco Log it is an important part of the company’s long-term plan. Over the past two years, Eco Log has followed a clear growth strategy and Anders Gustafson, CEO of Eco Log, can state that the work so far is going according to plan.
“A lot has happened with us at Eco Log in a relatively short time, including the acquisition of the sales company Eco Log Försäljning AB and the merger with Gremo, which means that we now have the market’s most comprehensive forwarder line-up. The merger with SP widens our range even more, making Eco Log a complete supplier with a comprehensive product that covers the many and varied needs of forestry across the globe,” said Gustafson.
The merger with SP means that a new Eco Log harvester head will be launched, based on SP technology but with Eco Log’s design and unique features.
“It is very exciting to develop and follow up the results on a unit optimized for Eco Log. I am positive that it will be a very competitive combination,” added Gustafson.
At the same time, production of SP’s existing range continues as before, and Martin Bredenfeldt, CEO of SP Maskiner AB, sees that the merger provides both stability and the opportunity to invest in the company and the products going forward.
“Today, we offer units with high performance and quality, which we will of course continue with. Existing customers can feel completely confident that our current products and the SP brand remain and that we will also have the opportunity to invest in it even more in the future,” said Bredenfeldt.
Facts about the merger
The main owners of the two companies, Accent Equity and Weland, have agreed that the companies will merge under the Eco Log Group. The group will consist of Eco Log Sweden AB, Eco Log Försäljning AB, Gremo AB, Gremo Maskinservice AB and SP Maskiner AB. The head office will be located in Söderhamn while the operations for SP will continue to be conducted in Ljungby. In total, sales in the Eco Log Group are estimated to amount to approximately SEK 800 million in 2021. Sales of the regular unit range will continue to be handled via SP’s dealer network, while the new Eco Log units will be sold together with the machines via Eco Log’s dealers.