As of November 8, 2019, RAVAS has acquired LTS Scale to further develop the U.S. market for mobile scales integrated in hand pallet jacks, warehouse trucks and forklift trucks, and consequently grow market share. Since 1994, LTS Scale is a renowned manufacturer of high precision forklift scales. The company will be owned and managed by RAVAS.
The acquisition of LTS is in line with RAVAS ambition to become the preferred global partner for innovative and quality mobile weighing solutions, supported by excellent services. Niels van den Berg, CEO of RAVAS, explains, “Recently, we have redefined our mission, vision and worldwide business strategy. We consider the United States to be one of the main growing markets in our mobilr weighing sector. The combination of the LTS product range, with more NTEP certified scales, and a professional sales and service organization will enable us to further expand our market share in the U.S. We strongly believe that LTS is the right partner to support us in achieving our U.S.-based business goals.”
Until further notice, the LTS Scale brand name will remain active, together with RAVAS Europe and RAVAS USA, LLC. Michael David, President/CFO of LTS Scale, adds, “We are particularly content with the fact that the RAVAS products, solutions and expertise are being added to LTS Scale. This will increase our sales scope and operational efficiency significantly.”