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.

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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”