Palfinger Sany Mobile Cranes Sales GmbH

Activity by year

202120222023202420252026

Acquisition

Dec 14, 2021ACQUISITIONAustria$17.0M
PALFINGER and SANY agree to reverse cross-shareholding and restructure joint ventures
PALFINGER AG and SANY HEAVY INDUSTRIES signed an agreement to reverse their cross-shareholding. PALFINGER ASIA PACIFIC will transfer its 7.5% stake in Sany Automobile Hoisting Machinery to SANY EUROPE in exchange for 2,826,516 PALFINGER shares and approximately EUR 15 million cash. Additionally, the operational joint venture Palfinger Sany Mobile Cranes Sales GmbH will be taken over by the SANY Group.
Palfinger SANY Heavy Industries partner Sany Automobile Hoisting Machinery target Palfinger Sany Mobile Cranes Sales GmbH target #Industrial Machinery #Material Handling palfinger.com

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Palfinger Sany Mobile Cranes Sales GmbH: plants, expansions, contracts and acquisitions · Endata