# 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.

- Type: Acquisition
- Announced: 2021-12-15
- Where: Santo Antônio da Patrulha, Brazil
- Status: completed
- Products: loader cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md) (partner)
- [Hiab](https://endata.com/companies/17730.md) (acquirer)
- [Argos Guindastes Indústria e Comércio Ltda](https://endata.com/companies/25978.md) (target)

## Sources

- [fm-co.com](https://fm-co.com/2021/12/15/fredericks-michael-co-advised-cargotec-corporation-hiab-ab/), 2021-12-15: "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."

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