M&A History

Konecranes' history dates back to 1910 when the electrical motor repair shop KONE Corporation was founded. Konecranes was part of the international Finland-based KONE Corporation until April 15, 1994 when KONE as part of structural changes disposed of all operations, excluding its elevator business. The company sold the operations of its crane division to a group of institutional investors (Sweden-based Industri Kapital) and members of the crane division's senior management.

Konecranes shares have been quoted on the Helsinki Stock Exchange since 1996. Konecranes has grown over the years mainly organically but has a strong acquisition track record as well.

A: Acquisition of the assets
S: Acquisition of the shares

Konecranes' major acquisitions & joint ventures since 1973
2006		MMH Holdings, Inc.		Owner of Morris Material Handling, Wisconsin, U.S.A. Maintenance services and overhead cranes.
2005		R. Stahl Fördertechnik		Künzelsau and Ettlingen, Germany. Specialised lifting applications
2004		Morris Material Handling Ltd		Loughborough, East Midlands. Industrial cranes and maintenance services company (S)
2004		SMV Liftrucks AB		Markaryd, Sweden. Reach stackers and forklift trucks business (S)
2004		Dwight Foote, Inc.		Hartford, Connecticut, USA. Industrial crane and service supplier (A)
2003		KUBI GmbH		Lampertheim, near Frankfurt, Germany, Harbour crane service company
2003		CraneMann Inc.		Houston, USA; cranes, maintenance services and parts (A)
2002		Meiden Hoist System Company Ltd (Joint Venture)		Tokyo, Japan; KCI holds 49 % of JV
2002		Crane Manufacturing & Service Corporation		Milwaukee, Wisconsin, USA; Spare parts/ Services (A)
2002		Burlington Engineering Division		Boston, Massachusetts, USA, Cranes and Maintenance Services
2002		Shepard Niles, Inc.		USA, Aftermarket Services and Parts (A)
2000		Caillard, Le Havre		France Crane related after market activities (A)
2000		Tepa-Mestarit Oy		(50 % earlier + 50 % now) Finland Plant Maintenance (S)
2000		Cranex Sp.z.o.o., Gdansk		Poland Crane and Service business (S)
2000		F.T. Crowe		USA Crane and Service business (A)
2000		Gruas Mexico S.A. de C.V.		Mexico Crane and Service business (S)
2000		Donges Stahlbau GmbH		Germany Crane related after market activities (A)
2000		Noell Service und Maschinentechnik GmbH		Germany (A)
2000		Kulicke Kranservice Köpenick		Germany Service business (S)
2000		Kulicke Kranservice Schwedt		Germany Service business (S)
2000		Kulicke Krane GmbH		Berlin, Germany; Crane operations (A)
1998		Trost & Hilterhaus GmbH		Germany
1998		Overhead Crane Service		USA, Baltimore, Maryland
1998		Provincial International Cranes		Canada, Ontario, Markham
1997		MAN SWF Krantechnik		Germany
1997		Copas ALM		France
1996		All Crane Parts & Service		Canada, Alberta, Edmonton
1996		CGP-Koné S.A.		France
1996		Orley Meyer		USA, Wisconsin
1996		Matman		France
1996		Theo-Tello-Bush		USA, California
1993		Kranco		USA, Texas, Houston
1992		Intransmas, Crane Operation		Hungary
1991		Lloyds British Testing		UK, Australia
1990		Schippers Hjiswerktuigen		The Netherlands
1990		Action Crane & Maintenance		USA, California, Chino
1989		Munck-Freissler		Austria
1989		Carruthers		UK
1989		Finox Nosturit		Finland
1987		Landel		USA, Texas, Houston
1986		Verlinde		France
1985		Equipo Industrial		Mexico
1984		MCL Cranes		Canada, Quebec, Montreal
1983		R&M Materials Handling		USA, Ohio, Springfield
1980		Asea Crane Works		Sweden
1976		Sowitsch Crane Works		Austria
1973		Wisbech-Refsum		Norway