# IPS Cranes acquires AOL Crane

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.

- Type: Acquisition
- Announced: 2018-01-10
- Status: announced
- Products: cranes, excavator bodies, line boring services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [IPS Cranes](https://endata.com/companies/24744.md) (acquirer)
- [American & Ohio Locomotive Crane Co.](https://endata.com/companies/24745.md) (target)

## Sources

- [craneandhoistcanada.com](https://www.craneandhoistcanada.com/ips-cranes-acquires-aol-crane-1194/), 2018-01-11: "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."

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