Konecranes has completed the 100% acquisition of Saudi Cranes & Steel Works Factory Ltd.
The acquisition will give Konecranes the opportunity to strengthen its position in the important Saudi Arabian market and provide Saudi Cranes access to the Konecranes Group to accelerate the technical advancement of its product offering and increase its market penetration, providing long term benefits to customers, suppliers and employees.
Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions and services for the lifting equipment of every make.