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Growing Services: Kalmar invests in North American Genuine Parts warehouse

1. Kalmar relocates its Genuine Parts warehouse to Greenwood, Indiana. 2. The new facility will improve delivery times and customer support. 3. Kalmar partners with Neovia Logistics for efficient operations. 4. The move is part of Kalmar's strategy to grow services. 5. Kalmar aims to enhance long-term capabilities in North America.

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FAQ

Why Bullish?

Kalmar's investment indicates strong growth potential; similar strategic moves enhanced prior earnings.

How important is it?

The article highlights significant investment and operational changes, which can influence stock performance.

Why Long Term?

Implementation of the new center is set for July 2025, focusing on future growth.

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KALMARNEOVIA
April 29, 2025 02:30 ET  | Source: Kalmar Corporation KALMAR CORPORATION, PRESS RELEASE, 29 APRIL 2025 AT 9:30 AM (EEST) Growing Services: Kalmar invests in North American Genuine Parts warehouse  In line with Kalmar’s strategy of growing services, Kalmar will be relocating and outsourcing its Genuine Parts warehouse from Ottawa, Kansas to Greenwood, Indiana. The move will lead to improvements in delivery times, customer support as well as enable the further growth of Kalmar’s Genuine Parts and Service businesses. The new Greenwood distribution center allows Kalmar to store all parts in one stand-alone location with 112,000 sq ft facility providing greater flexibility and scalability of operations. The transition process is scheduled to begin in May 2025 and be completed by the end of July 2025. Kalmar will partner with Neovia Logistics, a Texas-based contract logistics company. Neovia is a global expert in warehouse operations with 7,500 employees and a presence in 19 countries. Neovia has operated the Kalmar Distribution Center in Europe since 2003. Mike Fahy, CEO, Neovia: “We are pleased to continue our close partnership and to offer Kalmar the capacity to process and ship orders efficiently within North America. Our proven processes and high safety and sustainability standards guarantee productivity and quality operations for Kalmar into the future.” Fredrik Fogelklou, Vice President, Kalmar Parts & Logistics Solutions: “We are investing in the long term capabilities and capacity to serve our customers in North America with Genuine Parts. In addition, this move is a cornerstone in our Growing Services strategy, and I am thrilled for us to be able to do this in partnership with Neovia Logistics.” Further information for the press:Thomas Malmborg, President, Kalmar Services, thomas.malmborg@kalmarglobal.comJenni Laukkonen, Director, Marketing and Communications, Kalmar Services, tel. +358 40 8322 331, jenni.laukkonen@kalmarglobal.com Kalmar (Nasdaq Helsinki: KALMAR) is moving goods in critical supply chains around the world, with the vision to be the forerunner in sustainable material handling equipment and services. The company offers a wide range of industry shaping heavy material handling equipment and services to ports and terminals, distribution centres, manufacturing and heavy logistics. Headquartered in Helsinki, Finland, Kalmar operates globally in over 120 countries and employs approximately 5,200 people. In 2024, the company's sales totalled approximately EUR 1.7 billion. www.kalmarglobal.com About Neovia LogisticsNeovia is a global leader in third-party logistics, operating more than 80 facilities in 19 countries. For more than 30 years, Neovia has partnered with customers around the world to solve complex, mission-critical logistics challenges in the automotive, industrial, aerospace, consumer, technology, and other sectors. IMG_0016 IMG_0016 Kalmar invests in North American Genuine Parts warehouse. 

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