PRESS RELEASE

On April 6, 2016, it was decided that Gremo AB will work long-term with development and manufacture of forest thinning machines in the forest industry. The owner family have invested in new production equipment that can ensure and streamline the production of Gremo’s components.

Because of the venture, Gremo will develop and strengthen sales and after-sales market to streamline its production. Martin Bredenfeldt, CEO of Gremo, says that new skills have already been recruited within the two areas.

Forest thinning is timely and our machines are well adapted to future needs, both in Swedish and foreign markets. The owner family believes in us and invests heavily so that we can be a player to expect in the future, says Martin.

The business plan for the investment was reviewed at the owners in March 2016. All investments are made with Gremo's comprehensive environmental thinking without compromising on efficiency and performance. With a long-term venture, Gremo will be a player to count on in the future.

For more information contact:
Martin Bredenfeldt, CEO, +46 73-442 52 21 or martin.bredenfeldt@gremo.se.

Gremo AB is a Swedish manufacturer of forest machines and was founded in the early 1960s. At the factory at Ätran, Sweden, the entire process is completed from drawing board to finished machines, and according to the watchwords operational reliability, quality and performance, Gremo works to deliver world-class forestry machines.