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Can-Am Chains has acquired Nordic Quick Systems AB (NQS), a Sweden-based company specialising in sprocket systems and related solutions for industrial applications, such as mining.
The acquisition brings together two complementary businesses with a shared focus on engineered solutions, customer service and long-term relationships, Can-Am Chains says. NQS’s quick-change sprocket technology complements Can-Am’s established portfolio of industrial chains, sprockets and related products and provides a platform for further growth in the Nordic region and international markets.
NQS will become part of the Can-Am family. The companies will work together on a careful integration that maintains continuity for NQS customers while creating opportunities to broaden the products and technical solutions available to them, they say.
Gurmeet Rayat, CFO/COO on behalf of Can-Am Chains, says: “We are delighted to welcome NQS and its team to Can-Am. We have been impressed by the technology, customer relationships and market knowledge that has been built at NQS. Our objective is to build on those strengths, support the existing business and create new opportunities by combining NQS’s capabilities with Can-Am’s global manufacturing, product and market reach.”
Erik Jonsson, CEO of Nordic Quick Systems, says: “With Can-Am, we can combine our innovations and refurbishment technology with a complete chain range and a global organisation. This strengthens our offering to existing customers and opens up new markets.”
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