Hagglunds To Acquire Dutch Crane Group
Hagglunds Marine & Offshore, a division of AB Hagglund & Soner of Sweden, has signed an agreement under which it will acquire all the shares in the Dutch Kenz Cranes Group.
Kenz Cranes is among the leading makers of offshore cranes in the range 5-100 t SWL. The group, which has about 60 employees at / factories at Zuiddijk in the Netherlands and Great Yarmouth in England, has annual sales of approximately $5 million.
The takeover creates interesting opportunities for Kenz Cranes through access to Hagglunds' worldwide sales organization. The pooling of the technical resources and experience of the two enterprises will also strengthen their competitive position.
The activities of Hagglunds' marine and offshore subsidiary in the Netherlands, ASEA Hagglunds, will be integrated with Kenz Cranes. Hagglunds' service to shipping in Rotterdam will continue as before. Hagglunds Marine & Offshore Division is one of the world's leading manufacturers of deck cranes. The acquisition of Kenz Cranes secures a corresponding position in the market for offshore cranes.
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