# Hiab completes acquisition of Argos loader crane business

Hiab completed the formal process to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda. The transaction was announced on August 1, 2017.

- Type: Acquisition
- Announced: 2017-10-05
- Where: Brazil
- Jobs: 60
- Status: completed
- Products: loader cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [forkliftaction.com](http://forkliftaction.com/newsletter/archive/0841.htm), 2017-10-05: "Hiab has completed the formal process to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda."
- [forkliftaction.com](https://www.forkliftaction.com/news/hiab-completes-argos-acquisition.aspx?n=19618), 2017-10-05: "This, along with the complementary product portfolio of Argos and Hiab, large installed base, strong distribution network, as well as the well-known Argos brand, will provide us great business opportunities in the future."

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