Konecranes acquires German crane company

Konecranes acquires German crane company

Konecranes has purchased the operations of German crane and service supplier Kocks Kranbau, gaining access to new European and global clients.

Kocks Kranbau GmbH was founded in early 2023 after the insolvency of its parent business, Kocks Ardelt Kranbau GmbH, a well-known port and shipyard crane builder. Kocks Kranbau’s primary activities are located in Bremen, Hamburg, and Oberhausen.

According to Konecranes, in recent years, the purchased company’s annual net sales have been between €10 and €12 million ($10.85 and $13 million).

READ: SC Ports to enhance fleet with two hybrid Konecranes RTGs

The acquisition will reportedly bring over 60 employees to Konecranes and provide them access to Kocks Ardelt Kranbau’s huge installed base in Germany, Europe, and throughout the world.

Paolo Dazi, Senior Vice President Port Services, Konecranes, said: “I am confident Kocks Kranbau’s expertise and customer proximity, when combined with Konecranes Port Services’ widespread presence, industry knowledge and technology, will strengthen our position and offering as global services provider in the port sector.”

The acquisition price, which was concluded in April, is not being disclosed by Konecranes and Kocks Kranbau.

In March, the Humber Container Terminal in the Port of Hull, operated by Associated British Ports (ABP), received a new reachstacker from Konecranes.

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