Portuguese company buys Strongco

PORTO, Portugal – Nors, S.A. has completed the acquisition of Strongco Corporation. Strongco sells, rents and services equipment used in diverse sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. It has approximately 500 employees serving customers from 26 branches in Canada.

The combined entities now share a global footprint that spans over 17 countries on four continents.

“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, CEO 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.

Strongco has also appointed Oliver Nachevski president and CEO. Nachevski will provide strategic operational and financial leadership to Strongco’s senior executive team and will be responsible for modelling the company culture and values to be in line with those of the Nors Group.

“We are excited for Oliver to take on the responsibilities of President and CEO of Strongco,” said Jervell. “He was a key member of the management team that strengthened the company’s financial health, and we believe his leadership represents a positive direction for Strongco and Nors as a whole.”

Nachevski joined Strongco in 1996, and in that time he has made a significant impact on many facets of the business, from finance and credit to crane operations and construction equipment. He is a Chartered Professional Accountant (CPA) and has held many titles, including most recently vice-president and COO.

Strongco represents 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.

Nors is a Portugal-based private company that sells, rents and services construction, infrastructure, mining and forestry equipment, trucks, buses, 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 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.