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News  ›  GlobeNewswire Inc.

Hiab completes the acquisition of ING Cranes

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hiab Corporation
Hiab completes the acquisition of ING Cranes

Hiab has completed its acquisition of ING Cranes, a Brazilian crane manufacturer with 2024 sales of approximately EUR 50 million. The acquisition strengthens Hiab's market presence in Brazil by expanding its loader crane portfolio across light to heavy-duty segments, serving agriculture, rental, construction, and transportation industries. ING Cranes will be included in Hiab's financial reporting starting Q1 2026.

Insights
CYJBY   positive

The acquisition completion represents strategic growth and market expansion in Brazil. It enhances Hiab's product portfolio, strengthens its competitive position, and provides access to new customer segments in key industries. The deal demonstrates successful execution of growth strategy and increases the company's addressable market.