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News  ›  GlobeNewswire Inc.

Hiab saattaa päätökseen ING Cranes -nosturivalmistajan oston

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hiab Oyj
Hiab saattaa päätökseen ING Cranes -nosturivalmistajan oston

Hiab has completed its acquisition of Brazilian crane manufacturer ING Cranes, announced on November 26, 2025. ING Cranes generated approximately €50 million in revenue in 2024. The acquisition strengthens Hiab's position in the Brazilian market by expanding its loader crane portfolio from light to heavy-duty options across agriculture, rental, construction, and transportation sectors. The acquired operations will be included in Hiab's financial reporting from Q1 2026 onwards.

Insights
GEV   positive

Shares rose on reports of rare earth element supply constraints potentially benefiting their energy systems


CYJBY   positive

Successful completion of strategic acquisition that strengthens market position in Brazil, expands product portfolio across weight categories, and enhances competitive positioning in key industry segments. The deal represents growth through market consolidation and product line expansion.