Hiab acquires Olsbergs to strengthen loader crane technology

Hiab, part of Cargotec, has agreed to acquire Swedish industrial group Olsbergs, a supplier of hydraulic valves and remote control systems for loader cranes. The closing takes place on 1 January 2023, and all 100 employees will join Hiab.

“Hiab, part of Cargotec, has entered into an agreement to acquire the family-owned Swedish industrial group Olsbergs.”hiab.com

• 3 sources
• hiab.comHiab acquires Olsbergs | Hiab News Room | HiabDec 20, 2022
• kilpatrick.seKilpatrick Townsend has represented HIAB in its acquisitionGina GarciaJan 10, 2023
• cranestodaymagazine.comArticulate Update - Cranes TodayStu RobartsFeb 27, 2023

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