To search, type and hit enter.

Hiab completes the acquisition of Effer cranes

Hiab completes the acquisition of Effer cranes

Hiab, part of Cargotec, has completed the acquisition of Effer S.p.A. from CTE Group. Signing of the transaction was announced on 31 July 2018. For Hiab as the global leader in on-road load handling solutions, this acquisition means a significant advancement in its ambition to be leader in cranes and preferred partner for its customers.

Effer, headquartered in Minerbio, Italy, and with approximately 400 employees, is a renowned premium knuckle-boom crane manufacturer. Effer’s product range includes truck loader cranes, special application truck cranes, and marine cranes, with particular recognition for heavy cranes >100 tm capacity. Distribution is managed through a network of more than 100 dealers covering around 60 countries globally.

The addition of Effer will mean a further strengthening of Hiab’s development and innovation competence, an enhanced total cranes portfolio, increased coverage from widely complementary sales and distribution networks, and leverage Hiab’s service competence. These combined assets shall translate to continued brand and business growth and further improved experience for both brand’s customers.

Effer will continue to operate under its recognised brand and identity, and through its established dealer and distribution partner network. Effer will be part of Hiab’s global cranes organisation, with Lorenzo Cipriani continuing as Managing Director Effer, reporting to Joakim Andersson, Senior Vice President Cranes, Hiab.

“I am incredibly proud today to welcome Effer and its employees as part of the Hiab family. Bringing our two proud histories, strong brands and unique competence together will make Hiab and Effer stronger and able to even better serve our customers”, says Joakim Andersson. Scott Phillips, new president of Hiab, adds “It is in both of our companies’ DNA to innovate and now to truly lead this industry. I have no doubt, that combining our strengths will soon create tangible value to customers, partners, our people and combined business.”

“With Effer becoming part of Hiab, two organizations with strong cultures and committed employees come together. We will make sure to nurture our unique strengths, the combined talent and unlock our growth potential,” adds Joakim Andersson. “We are really proud to be part of Hiab. This represents a great opportunity for Effer to bring our passion, professionalism, and our solutions to truly global scale and success,” concludes Lorenzo Cipriani, Managing Director Effer.

The financial result of Effer S.p.A. will be consolidated in Hiab business area financials as part of Cargotec from November 2018.

https://www.hiab.com

http://www.ctelift.com/en/who-we-are/

https://www.effer.com/en/about-us/50-years-of-experience/

http://ctegroup.ro

You may also like:

SP wins Product Award at Speedy Expo 2018

Straightpoint’s (SP) Bluetooth-enabled Radiolink plus load cell and accompanying HHP app were named Lifting Product of the Year at the largest ...

Record pressure vessels moved on Cometto MSPE

Italian engineering company Fagioli S.p.A. recently handled the transport of two huge vessels. It was the biggest project ever done within the ...

New Andover Trailers plant body for AH Plant Hire

Chester-based AH Plant Hire has taken delivery of a new bespoke-built Andover Trailers plant body, an upgrade for the company’s original Andover ...

Myers celebrates 50 years with three 90th Anniversary DAFs.

BJ Myers Transport, the Kent traction operator founded in 1968, has taken delivery of three DAF ‘90th Anniversary Edition’ XF 530 FTG twin-steer ...

Announcement

HeavyTorque White Logo

It is with regret, that the HeavyTorque team have decided to take a stand based on an industry-wide ‘blind eye’ to the waste in the magazine and periodicals business.

HeavyTorque (#15, July 2018) was the final issue to grace the shop shelves, both on the High Street and across the travel network. As part of our onward strategy to adapt, HeavyTorque will now be distributed exclusively through controlled circulation and available through printed subscription.

Please note, this change will only affect newsstand purchasers. There will be no change for our loyal print subscribers.

Why the newsstand change? Quite simply, we can no longer (in good conscience) participate in a distribution programme that creates such an inherent waste of our precious natural resources – and money.

For those of you who have enjoyed HeavyTorque from the newsstand, we sincerely appreciate your business – and we would hope that you’ve enjoyed the magazine enough to consider a direct subscription?

Single Issues

If you prefer to purchase individual issues (one at a time), you will still have the ability to do so, both online (via the website), or by calling our offices +44 (0) 1572 3450872. Orders for single issues received before the pre-publication deadline will be mailed along with the subscribers.

Current and Back Issues

Our website also caters for those looking to purchase back issues. To browse Back Issue availability, follow this link: https://www.heavytorque.co.uk/shop/

Annual Subscription (UK/Europe and Rest of the World)

Never miss a beat, and keep up with every issue of the magazine via an annual subscription. To purchase your annual subscription, please visit: https://www.heavytorque.co.uk/subscribe/

It remains our objective, philosophy, and goal to provide our readers with the best content available, together with stunning feature photography. We do hope you will continue to support our venture!