Konecranes acquires service enterprise of Munck Cranes
Industrial and port crane producer Konecranes has acquired the commercial crane service enterprise of Munck Cranes.
Industrial crane maker Munck from Norway went bankrupt in late Might. Buying Munck’s service enterprise offers Finland-headquartered Konecranes “entry to new clients and a big put in base of Munck’s industrial cranes in Norway and past.”
For nearly 100 years Munck constructed manufacturing facility cranes and provided parts, notably to be used in pulp and paper mills, the metal business, metal stockholders and the hydro-electric energy business. Its service enterprise introduced in as a lot as €10 million a yr and “has been clearly worthwhile,” Konecranes stated. Round 40 workers in 4 groups run the operation all through Norway.
“We welcome our Munck Cranes colleagues to Konecranes and look ahead to working collectively to develop and broaden operations within the Nordic area and past,” stated Tomas Myntti, Konecranes senior vice chairman EMEA for industrial service and gear.
Konecranes employs 16,600 folks in additional than 50 nations. Group gross sales in 2022 have been €3.4 billion.