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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.
Lifco AB signed an agreement to acquire a majority of shares in HGT Hydraulikgreifer-Technologie GmbH, a German manufacturer of attachments for material handling machines. HGT reported net sales of approximately EUR 19 million in 2022 and has 35 employees.
Kinshofer GmbH acquired a majority stake in German company HGT Hydraulikgreifer-Technologie GmbH, as announced on October 12, 2023.