# Kinshofer acquires majority stake in HGT Hydraulikgreifer-Technologie

Kinshofer, a manufacturer of attachments for cranes and excavators, acquired a majority stake in HGT Hydraulikgreifer-Technologie, a specialist in material handling attachments. The merger agreement was signed.

- Type: Acquisition
- Announced: 2023-10-18
- Where: Germany
- Status: announced
- Products: attachments for cranes and excavators, material handling attachments for scrap and bulk materials
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kinshofer GmbH](https://endata.com/companies/24220.md) (acquirer)
- [HGT Hydraulikgreifer-Technologie GmbH](https://endata.com/companies/70263.md) (target)

## Sources

- [baumaschinendienst.de](https://www.baumaschinendienst.de/artikel/fusionierungsvertrag-unterzeichnet-22564/), 2023-10-18: "Die Übernahme von HGT ist für Kinshofer in zweierlei Hinsicht von Bedeutung: Erstens stärkt sie das Produktportfolio für den Materialumschlag und zweitens verbessert sie die Vertriebskanäle von Kinshofer."

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