2019 top 10 crane manufacturers

With a combined figure of $27.851 billion, 2019 saw the revenue of the top 20 largest crane manufacturers in the world rise 12.5% – up over US$3 billion compared to 2018’s total ranking $24.832 billion.

Figures used in the ICm20, which were published in November 2019, are from the calendar year 2018 or the 12 month financial year to 31 March 2019 (further details below).

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Hiab to acquire Effer

Swedish on-road load handling equipment provider Hiab has entered into an agreement to acquire the Effer loader cranes business from the CTE Group for an enterprise value of EUR 50 million.

Hiab web logo

The acquisition is part of Hiab’s stated strategy to renew and expand its loader cranes portfolio with the aim of becoming market leader.

The acquisition comes on the back of Hiab’s acquisition of Argos loader cranes in Brazil Continue reading “Hiab to acquire Effer”