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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Hiab completes acquisition of Effer cranes · Endata

◂ Announcements

Nov 6, 2018ACQUISITIONMinerbio, Italy, Italy

Hiab completes acquisition of Effer cranes

Hiab, part of Cargotec, completed the acquisition of Effer S.p.A., a knuckle-boom crane manufacturer, from CTE Group. The signing was announced on July 31, 2018.

Value

$57.1M (50.0M EUR)

Jobs

400

Status

Completed

Productstruck loader cranesspecial application truck cranesmarine cranes

CompaniesCargotec acquirer Cargotec partner Hiab acquirer Effer S.p.A. target CTE Group partner CTE Group target

Sectors#Industrial Machinery

“I am incredibly proud today to welcome Effer and its employees as part of the Hiab family.”cranebriefing.com

6 sources
cranebriefing.comHiab completes the acquisition of Effer cranes - Crane & Transport BriefingNov 6, 2018
transportmedia.beCargotec koopt kranenproducent Effer - TransportmediaNov 6, 2018
sollevare.itHIAB COMPLETA L'ACQUISIZIONE DI EFFER - SollevareRedazioneNov 7, 2018
forkliftaction.comForkliftaction News edition no. #897 from 8 Nov 2018 - email versionNov 8, 2018
cranestodaymagazine.comCargotec deals progress - Cranes TodayNov 8, 2018
heavyliftpfi.comHiab completes Effer acquisition - Heavy Lift & Project Forwarding InternationalSonny Prior

Summarized from public sources; check the original articles before acting on it.

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Nov 8, 2018

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