Munden Group of Companies are pleased to publicly announce that the Munden Group: Munden Ventures Ltd., J. Munden Transport Ltd., and Peak Forestry Ltd. has completed an agreement to be acquired by LOTS Group, AB from Stockholm Sweden.
After more than 50 years as a family run company, the Munden Family will continue to manage the operations, and the new joint growth opportunities under the LOTS Group umbrella.
LOTS is a fully owned subsidiary of Scania. Whereas Scania develops and provides commercial vehicles and services, LOTS puts them in motion. This large investment in Kamloops, British Columbia represents a commitment to grow this joint business in the region and beyond. “Kamloops is now our new North American hub for LOTS and will allow us to leverage Munden’s experience and skill set as well as extending our service offering to new and existing clients,” said Max Blatt, CEO LOTS Group, Sweden.
“This marks a new chapter in our family’s 4 generation history in transportation and forestry. We are very excited to partner with LOTS and leverage their global experience, technological capabilities and resources to ensure a strong future for our employees, and improved opportunities to provide next-level service to our customers,” says Greg Munden, President, Munden Ventures.