# Kinshofer acquires majority stake in Cangini

Kinshofer, a manufacturer of attachments for cranes and excavators, acquired a majority stake in Cangini, an Italian family-owned maker of attachments for excavators and front loaders. The deal enhances Kinshofer's product range and manufacturing presence in Italy.

- Type: Acquisition
- Announced: 2021-04-17
- Where: Sarsina and Cesena, Italy
- Status: completed
- Products: attachments for cranes, attachments for excavators, attachments for skid steer loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kinshofer GmbH](https://endata.com/companies/24220.md) (acquirer)
- [Cangini Benne](https://endata.com/companies/54414.md) (target)
- [Cangini](https://endata.com/companies/54527.md) (target)

## Sources

- [heavyquipmag.com](https://www.heavyquipmag.com/2021/04/17/kinshofer-acquires-a-majority-of-cangini/), 2021-04-17: "Kinshofer continues its strategy to provide the industry with a 'One-Stop-Shop' solution of outstandingly engineered products to increase efficiency and, more importantly, profitability of its customers."
- [bauhof-online.de](https://www.bauhof-online.de/d/kinshofer-kauft-cangini-konsequente-fortfuehrung-der-one-stop-shop-strategie/), 2021-05-05: "Mit diesem Vertrag habe Kinshofer die Mehrheit der Anteile von Cangini erworben."

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