Konecranes Increases Ownership in Chinese Hoist and Chain Manufacturer

Konecranes has today completed the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co. Ltd. (“SANMA”) and now owns 100 percent of the company. In November 2009, Konecranes announced that it had finalized the acquisition of a majority holding (65 percent) in SANMA. Continue reading

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Konecranes Makes Four Significant Acquisitions

In July 2009, Konecranes increased its ownership in the Austrian ACS Konecranes GmbH from 49.9% to 80% and at the same time acquired the assets of German company Knight Europe GmbH & Co KG.  Through these acquisitions Konecranes entered the market for load-handling solutions with aluminum rail systems and manipulators.  The main industrial segments for these products are aviation, automotive, health care, solar energy, food and electronics industries. Continue reading