History and owners
The INTRAC group has been active with heavy machine trade, mainly forestry equipment, in the Baltic's since the 1970'ies. In 1994 subsidiaries were founded in all three Baltic countries as a way to improve service and support at the local market. Following on this a Swedish parent company was established to develop and co-ordinate the marketing, sales and service functions for the heavy machinery in the Baltics. Today INTRAC Group AB still has its headquarters in Stockholm and subsidiaries in all three Baltic countries. Earlier INTRAC also had operations in Poland which in summer 2017 were sold to Zeppelin Polska.
Owners of the INTRAC Group AB are the Baltic Investment Fund, Nalka Invest and the management of the INTRAC Group. The Baltic Investment Fund is managed by BaltCap Management Ltd , which manages private equity funds investing in Estonia, Latvia and Lithuania. BaltCap Management Ltd currently manages over EUR 90 million in committed funds. Nalka Invest is an investment firm within the Inter IKEA Group.