Greek industrial group METLEN has acquired NK Trailers, a traditional manufacturing
Greek industrial group METLEN has acquired NK Trailers, a traditional manufacturing company based in the Volos Industrial Area, in a move that expands its rapidly growing defense and heavy-industry footprint in central Greece.
The transaction, announced on Jan. 12, values the acquisition at €10 million. METLEN also plans to spend an additional €30 million to €40 million on partial refurbishment and new equipment at the site.
The acquisition was made through M Technologies, METLEN’s defense and metal-construction division, which has been steadily building a cluster of factories in Volos aimed at serving both military and rail-industry demand.
An established plant with dual specialization
NK Trailers operates a dual industrial facility that has developed expertise in two distinct areas: defense systems and railway wagons. METLEN said the rail-equipment business will face increased production demands as railway networks, rolling stock and related systems are modernized.
The facility consists of two steel industrial buildings with a total surface area of about 26,900 square meters, located on two adjacent plots exceeding 47,000 square meters inside Volos’ Industrial Area B.
Volos hub expands beyond original targets
With the addition of NK Trailers, METLEN now operates six independent production units in Volos.
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