PALFINGER acquired majority stake of ETI

We advised PALFINGER

HSCie Customer

PALFINGER AG, Salzburg, Austria
Since many years PALFINGER has been one of the world’s leading manufacturers of hydraulic lifting, loading, and handling systems and generated total sales of approximately EUR 505 million in 2009.The concern possesses production- and assembly bases in Europe, Nord- and South of America as well as in Asia. Innovations, ongoing internationalisation and diversification of products and services build the pillars of the company strategy.

Acquired Asset

ETI Equipment Technology, LLC
ETI is the fastest growing manufacturer of aerial lifts (“Bucket Trucks”) in the world resulting from a dedication to meet and exceed customer expectations. ETI is an integrated manufacturer of both aerial devices and utility truck bodies. This provides the advantage of a higher quality package due to the integrated design of the body and the aerial lift.


HSCie advised PALFINGER AG in the entire take over process, including due diligence examinations and conducting the negotiations with the vendors.

Year: 2010
Transaction value: Not published
Industry: Industrial products
Business field: Mergers & Acquisitions

Further Transactions