# Hiab to acquire loader crane business of Argos in Brazil

Hiab, part of Cargotec, has agreed to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda in Brazil, expected to close in Q3 2017.

- Type: Acquisition
- Announced: 2017-08-01
- Where: Santo Antonio da Patrulha, Brazil
- Jobs: 60
- Status: announced
- Products: loader cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md) (investor)
- [Hiab](https://endata.com/companies/17730.md) (acquirer)
- [Argos Guindastes Indústria e Comércio Ltda](https://endata.com/companies/25978.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HIAB-OYJ-1412441/news/Cargotec-Oyj-Hiab-to-acquire-the-loader-crane-business-of-Argos-in-Brazil-24858154/), 2017-08-01: "Hiab, part of Cargotec, has entered into an agreement to acquire the loader crane business of one of Brazil's leading loader crane manufacturers Argos Guindastes Indústria e Comércio Ltda."

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