Hiab acquires loader crane business of Argos Guindastes in Brazil

Hiab, part of Cargotec Corporation, has acquired the loader crane business of Argos Guindastes Indústria e Comércio Ltda., a Brazilian loader crane manufacturer. The acquisition gives Hiab a strong entrance to the Brazilian market.

“With this acquisition, Hiab will underpin its leadership ambition by making a strong entrance to the Brazilian market and establishing a solid foundation for its business in the whole region.”fm-co.com

• 1 source
• fm-co.comFredericks Michael & Co. advised Cargotec Corporation (HLSE:CGCBV) (FIN) and its subsidiary Hiab AB (SE) on its strategic acquisition of the loader crane business of Argos Guindastes Indústria e Comércio Ltda. (BR) - Fredericks Michael & CoDec 15, 2021

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