| Year |
Konecranes history |
| 1933 |
Finland's KONE Corporation starts to build sizeable Electric Overhead Traveling Cranes. The first customers were mainly from the pulp and paper and power industries. |
| 1936 |
The company starts to manufacture Electric Wire Rope Hoists. Harbor cranes were added to the product range in 1947. |
| 1950s |
The harbor cranes business line sees strong growth in the post-war economy. |
| 1962 |
The first crane Preventive Maintenance Contract is signed. |
| 1973 |
The company begins to expand internationally and makes an acquisition in Norway (Wisbech-Refsum). |
| 1983 |
The company establishes a foothold in the U.S. (R&M Materials Handling) in Springfield, Ohio. |
| 1986 |
Konecranes acquires French Verlinde, headquartered in Vernouillet. |
| 1988 |
Crane operations are put into the KONE Cranes Division. From 1990 onwards, the focus on establishing technical leadership increases. |
| 1991 |
The company establishes offices in the UK by acquiring Lloyds British Testing with operations in the UK and Australia. A large restructuring program was launched which carried on until 1994. Among other actions, crane production facilities were cut from 19 to 4. |
| 1994 |
KCI Konecranes is formed on April 15, 1994, via the listing of KONE Corporation on the Helsinki Stock Exchange. |
| 1996 |
KCI Konecranes is listed on the Helsinki Stock Exchange. |
| 1997 |
KCI Konecranes makes its first acquisition in Germany, buying MAN SWF Krantechnikred. |
| 2000 |
KCI Konecranes launches a new CXT wire rope hoist for the up to 80t lifting capacity range that immediately becomes an industry benchmark worldwide. The totally new design concept allows KCI Konecranes to strengthen its position in the high-volume market for standard cranes. |
| 2002 |
KCI Konecranes is the first foreign crane company in China to receive a complete range of business licensees including import and export. The same year it creates a bridgehead in Japan by establishing a joint venture with Meidensha Corporation. |
| 2004 |
Reach stackers and Lift trucks are added to the product range through the acquisition of SMV Lifttrucks AB of Markaryd, Sweden. |
| 2005 |
KCI Konecranes' acquisition of R.STAHL AG's material handling division, R.Stahl Fördertechnik of Germany, brings together some of the crane industry's strongest brands and most innovative technologies. Stahl is a significant player in the field of specialized lifting applications. |
| 2006 |
KCI Konecranes acquires MMH Holdings, Inc and expands its product range. The acquisition also brings new opportunities for growth in Maintenance Services through the large installed base of MMH cranes. |
| 2006 |
KCI Konecranes launches a new refocused and unified global master brand strategy and identity, and drops the KCI from the brand name. At the same time the slogan Lifting Businesses TM, emphasizing productivity enhancing lifting solutions and services, is launched. |
| 2007 |
The straddle carrier is added to Konecranes’ product range through the acquisition of all product rights from German straddle carrier manufacturer Consens Transport Systeme GmbH. |
| 2007 |
Konecranes strengthens its position in the machine tool service (MTS) business by acquiring Kongsberg Automation AS in Norway and Reftele Maskinservice AB in Sweden. |
| 2008 |
Konecranes increases its shareholding in Meiden Hoist System Company Ltd (MHS) in Japan to a majority stake, aiming to grow its presence in the large Japanese hoist market. |
| 2009 |
Konecranes moves into a new business segment by making two acquisitions for load-handling solutions with aluminum rail systems and manipulators. |
| 2009 |
Konecranes introduces an industry shaping industrial crane, SMARTON®, which can reduce power consumption and energy costs by up to one third. |
| 2009 |
Konecranes acquires 65% of Sanma Crane manufacture Co. Ltd., one of China’s leading hoist and crane manufacturers. |
| 2010 |
Konecranes and Kito Corporation (Japan) form a strategic alliance, with Konecranes owning 24.4% of shares and votes in Kito. |
| 2011 |
Konecranes buys WMI Cranes Ltd. (WMI) to strengthen its position in India. |
| 2011 |
The first TRUCONNECT® remote services products are launched. |
| 2012 |
Konecranes introduces a new-generation CLX chain hoist that accelerates the work cycle and maintenance, and improves safety and energy efficiency. |
| 2013 |
Konecranes presents the world’s first hybrid reach stacker for container handling. |
| 2013 |
Konecranes launches Agilon, a materials management solution for managing, storing, picking and replenishing components in manufacturing. |
| 2013 |
Konecranes and KION Group close a transaction to collaborate in the container handling lift truck business. |
| 2014 |
Konecranes increases its ownership in Chinese Sanma to 100%. |
| 2014 |
Konecranes and its Danish lift truck distributor NC Nielsen deliver the world’s most powerful reach stacker, which has a 100 metric ton capacity, to Jutlandia Terminal in Denmark. |
| 2016 |
Konecranes receives an order for a 1,200-ton Goliath crane from Meyer Turku shipyard in Finland. |
| 2016 |
Konecranes sells its Kito Corporation shares. |
| 2016 |
Konecranes and the Georgia Ports Authority celebrate Konecranes’ 1000th RTG crane. |
| 2016 |
Konecranes receives an order from the Virginia Port Authority for 86 Automated Stacking Cranes, the largest order in Konecranes' history. |
| 2016 |
Konecranes signs an agreement with Columbus McKinnon Corporation regarding the divestment of the STAHL CraneSystems business. |
| 2017 |
Konecranes grows significantly by buying Terex’s Material Handling & Port Solutions business. |
| 2019 |
Konecranes reinforces its lifting leadership by launching three new products: the S-, M- and C-series. |
| 2020 |
Konecranes strengthens its market position in Southeast Asia by buying full ownership of MHE-Demag. |
| 2023 |
Konecranes announces a refreshed purpose, ambition and financial targets. Konecranes aims to become the world leader in material handling solutions creating value for everyone. |
