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Konecranes has acquired the business of German crane and service supplier Kocks Kranbau, giving it access to new European and global customers. The value of the purchase, which was closed in April, is not being disclosed.
Kocks Kranbau GmbH was established early 2023 following the insolvency of parent company Kocks Ardelt Kranbau GmbH, a well-established port and shipyard crane manufacturer. Kocks Kranbau’s main operations are based in Bremen, Hamburg and Oberhausen.
In recent years the annual net sales of the acquired business have totaled around EUR 10-12 million, and the business has been profitable. The acquisition will bring close to 60 employees to Konecranes, and give it access to the large installed base of Kocks Ardelt Kranbau in Germany, Europe and globally.
“I am confident Kocks Kranbau’s expertise and customer proximity, when combined with Konecranes Port Services’ widespread presence, industry knowledge and technology, will strengthen our position and offering as global services provider in the port sector,” said Paolo Dazi, Senior Vice President Port Services, Konecranes.
Further information:
Konecranes Media Desk
[email protected]
Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes
Email: [email protected] or phone: +358 20 427 2050
This release can be found on Konecranes.com.
Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That’s why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totaled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).