Konecranes Makes Four Significant Acquisitions

In July 2009, Konecranes increased its ownership in the Austrian ACS Konecranes GmbH from 49.9% to 80% and at the same time acquired the assets of German company Knight Europe GmbH & Co KG.  Through these acquisitions Konecranes entered the market for load-handling solutions with aluminum rail systems and manipulators.  The main industrial segments for these products are aviation, automotive, health care, solar energy, food and electronics industries.

In October, Konecranes expanded its machine tool service (MTS) business to the U.S. by acquiring the company Machine Tool Solutions Unlimited in Cincinnati, Ohio.  The company provides a wide range of services, including machine tool rebuilding, control retrofits, preventive maintenance, calibration and repair services.  Through this  acquisition Konecranes can expand its MTS offering from present Nordic countries and the U.K. to North, Central and South America.

In November, Konecranes finalized the acquisition of majority holding in Chinese hoist and crane manufacturer Jiangsu Three Horses Crane Manufacture Co. Ltd (SANMA), one of the leading hoist and crane manufacturers in China.  With SANMA, Konecranes is able to penetrate the market segment in China that mainly has been dominated by local suppliers.

Konecranes also acquired the remaining share capital in crane and service company Dynamic Crane System Ltd. (DCS) in South Africa.  Konecranes (Pty) Ltd specializes in the manufacture, sales, services and assembly of industrial process cranes, servicing key industries such as mining, energy, steel, aluminum, paper and general manufacturing.

Learn more from the Konecranes website.

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