Finnish engineering group Kalmar has finalized the share buyback program originally announced in May. Between May 6 and June 11, the company repurchased 300,000 Class B shares at an average price of 41.24 per share, according to a company press release.
The repurchased shares are intended for use in the company's share-based incentive programs.
Following the completion of these transactions, Kalmar holds a total of 432,610 treasury Class B shares.
Kalmar Oyj is a Finland-based cargo and logistics company. The Company's business is sustainable material handling equipment and services. Kalmar operates globally in over 120 countries and having factories located in Poland, China, Malaysia and the United Stated and Innovation Centres in Tampere, Finland and Ljungby, Sweden. The Company provides and operates forklift trucks, masted container handlers, reachstackers, straddle carriers, terminal tractors and HVO, renewable diesel fuel. The Company's also provides automation and robotic services, such as Kalmar One Automation System, which streamlines and automates scalable automation systems for ports and terminals, automated straddle carriers and stacking crane applications amongst many other
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