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IPS Cranes has entered into a definitive agreement to acquire American & Ohio Locomotive Crane Co. (AOL Crane), a global leader in material handling on rail.
“We are extremely excited for this acquisition, as it allows us to create the industry’s broadest and deepest range of crane manufacturing, services, and resources.”craneandhoistcanada.com
Summarized from public sources; check the original articles before acting on it.