M&A history


M&A History image

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.

Major acquisitions and joint ventures since 1973

2017 Acquisition of Terex Corporation’s MHPS business MHPS, a leading supplier of industrial cranes, crane components, and services under the Demag brand, as well as port technology with a broad range of the manual, semiautomated and automated solutions under several brands, such as Gottwald
2014 Sanma (100%) Chinese hoist and industrial crane manufacturer
2011 Saudi Cranes & Steel Works Factory Company Limited Base for developing business in the Arabian Peninsula
2011 WMI Cranes WMI is one of the leading manufacturers of heavy-duty cranes in India
2010 Kito (22%) Japan, globally renowned hoist and material handling equipment company
2009 Machine Tool Solutions Unlimited The first MTS acquisition in the US
2009 Dynamic Crane Systems South African crane and service company
2009 Knight Europe Germany, expansion to manipulators
2009 ACS Technologies Austria, expansion to manipulators
2009 Sanma (65%) Chinese hoist and industrial crane manufacturer
2008 Electron Services Expansion of MTS to the UK
2008 Ausio Sistemas Spain, sales and service of industrial cranes and hoists
2007 Kongsberg Automation Norway major player in Norwegian MTS
2007 Consens Transportsystems Germany, straddle carries
2007 Savcor One Oy Finland, container handling software specialist
2006 Morris Material Handling USA, well known for cranes and services under P&H brand, specialized in lifting equipment for nuclear industry
2005 Zaporozhcrane Ukraine, crane manufacturing
2005 R. Stahl Fördertechnik Germany, renowned hoist and crane company specialized in explosionproof hoists
2004 SMV Liftrucks Sweden, lift trucks and reach stackers
2004 Morris Material Handling UK, industrial cranes and maintenance services
2002 Meiden Hoist System Company Joint venture with hoist manufacturer in Japan
2000 Noell Service und Maschinentechnik Germany, port service
1998 Trost & Hilterhaus Germany, industrial cranes
1998 Overhead Crane Service USA, Baltimore, Maryland
1997 MAN SWF Krantechnik The first acquisition in Germany
1993 Kranco USA, maintenance services
1991 Lloyds British Testing UK, Australia, maintenance services
1987 Landel USA ,process cranes
1986 Verlinde France, expansion in Europe and to chain hoists
1983 R&M Materials Handling Expansion to the US hoist business
1973 Wisbech-Refsum Norway, the first acquisition abroad