# Euronovate completes acquisition of Voithcrane for EUR 49 million

Euronovate (formerly known as 法兰泰克) completed the acquisition of 100% of RVH and RVB, which hold Voithcrane, a European specialty crane manufacturer, for EUR 49 million. The deal closed on December 10, 2018.

- Type: Acquisition
- Announced: 2018-12-10
- Where: Linz, Austria, Austria
- Value: $56.0M (49.0M EUR)
- Status: completed
- Products: specialty cranes, automated material handling solutions
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [alekcrane.com](https://www.alekcrane.com/newsinfo/1250474.html), 2019-06-10: "2018年12月10日，本次交易各方共同签署了《交割备忘录》等法律文件，确认全部交割条件均已达成。"

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