SMP Parts switched owners at the beginning of July 2014. The new owner constellation has worked with company management to chisel out a strategic plan for the next four years, with investment in new markets, primarily in Europe, at the top of the agenda.
The company manufactures tools for excavators and is a market leader in buckets and couplers mainly in Sweden and Norway, where products that are highly robust and hardwearing are required due to the Nordic ground conditions. The company also has a third product line in the form of a tiltrotator marketed under the name Swingotilt®. The market share for this product is significantly smaller and it is salable in all geographical markets. Until recently, it was a product unique to the Nordic region, but over the past few years it began to be established in other Northern European countries and to some extent in other continents as well. The company’s future expansion will mainly focus on this product area and will be complemented by a simpler, locally-produced range of excavator buckets. Over the next few years the company will increase its marketing activities in its current markets – Sweden, Norway, Germany and the Netherlands/Belgium – and will establish itself in Finland, Denmark, France and the UK.