# Fassi Group acquires majority stake in CTELM, holding company of French brands

Italian crane maker Fassi Group signed an agreement to acquire a majority stake in CTELM, the Paris-based holding company that owns French brands Fassi France, Miltra and Marrel. The agreement was signed in late January 2017.

- Type: Acquisition
- Announced: 2017-02-01
- Where: Paris, France
- Status: completed
- Products: cranes, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Fassi](https://endata.com/companies/17942.md) (acquirer)
- [CTELM](https://endata.com/companies/21864.md) (target)

## Sources

- [recyclingtoday.com](https://www.recyclingtoday.com/news/fassi-ctelm-material-handlers-cranes-france/), 2017-02-01: "This is an excellent opportunity to develop new commercial synergies for the CRANAB and JEKKO brands, which already form part of our group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.