KCI to complete Stahl purchase

18 April 2008

Finland: R. Stahl AG and KCI Konecranes have signed a definitive agreement concerning KCI's acquisition of Stahl's material handling division, R. Stahl Fordertechnik. The E30.5 million ($35 million) deal, announced last October, will be completed early this year, following approval by the German competition authorities. It will reflect in KCI's financial results in 2007.

Pekka Lundmark, KCI president and CEO, said, “We are convinced that R. Stahl Fordertechnik and its people are a great asset for KCI Konecranes and our customers. The transaction brings together some of the crane industry's strongest brands and most innovative technologies and also accelerates KCI Konecranes' strategic initiative to advance its positions on the German market.”

• Konecranes has also announced it will sell a 46% share in Zaporozhye Kran Holding, the Ukrainian crane manufacturer it acquired last year to Finnfund, the Finnish Fund for Industrial Cooperation. The company said its intention had always been to own a stake of 50% or less in the Ukrainian manufacturer.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Barnhart teams up with ITI Learning Hub
Barnhart has implemented ITI Learning Hub to enhance employee training and learning. 
Last call: Tower Crane 50 forms due!
Fill out and return all TC 50 survey forms by this Friday, July 23, 2021.
Manitowoc to acquire H&E’s crane operations
Manitowoc will acquire the crane business of H&E Equipment Services
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Carnes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com
CONNECT WITH SOCIAL MEDIA