Acquisition of Effer cranes completed

Posted on 26 Nov 2018 and read 430 times
Acquisition of Effer cranes completedHiab (part of Cargotec) (www.hiab.com) has completed the acquisition of Effer SpA from CTE Group. For Hiab — a global leader in on-road load-handling solutions — this acquisition means a significant advance in its ambition to be a leader in the cranes market.

Effer, which has its headquarters in Minerbio (Italy) and about 400 employees, is a renowned manufacturer of premium knuckle-boom cranes, with a product range that includes truck loader cranes, special-application truck cranes and marine cranes.

Effer will continue to operate under its recognised brand and identity, and through its established dealer and distribution partner network; it will be part of Hiab’s global cranes organisation, with Lorenzo Cipriani continuing as managing director of Effer, reporting to Joakim Andersson, Hiab’s senior vice-president (cranes).

Mr Andersson said: “With Effer becoming part of Hiab, two organisations with strong cultures and committed employees come together. We will nurture our unique strengths and combined talents to unlock our growth potential.”

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