# Euronovate to acquire Voithcrane for €49 million

Euronovate (法兰泰克) announced it will acquire 100% of Voithcrane, a European specialty crane manufacturer, for €49 million through its Austrian holding company. Voithcrane specializes in automated material handling solutions.

- Type: Acquisition
- Announced: 2018-09-13
- Where: Linz, Austria, Austria
- Value: $57.0M (49.0M EUR)
- Status: announced
- Products: specialty cranes, automated material handling equipment, metallurgical cranes, vacuum cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Euronovate](https://endata.com/companies/34299.md) (acquirer)
- [Voithcrane](https://endata.com/companies/34300.md) (target)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2018-09/13/content_1056907.htm), 2018-09-13: "通过本次收购，将进一步强化在智能制造领域的布局，对现有的通用型产品形成良好的补充，快速获得国际领先的自动化、智能化物料搬运解决方案的研发和制造技术"

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