PALFINGER Group acquires marine cranes unit from PALFINGER systems GmbH

We advised PALFINGER Systems

HSCie Customer

PALFINGER systems, Salzburg, Austria
PALFINGER systems GmbH are global marine and offshore crane experts (up to 750 Mt) for flexible standard and special applications customized at the highest level. We focus on developing and maintaining good local relationships and providing our customers with excellent customer care for everything from planning to daily use over the whole of the product’s service life.
www.palfingersystems.com

Acquired Asset

Marine and Windmill Crane Division
The business is well positioned in the marine crane segment and in addition is the market leader in cranes for offshore wind power plants. In 2009 the division generated revenues of almost 30 Mio Euros.

With the marine division, the PALFINGER Group also acquires manufacturing sites in Slovenia and Croatia. Numerous synergies present themselves with the existing business of the Group in the development and production of cranes and in particular in sales and service of the marine business.