A meeting of minds as Kinshofer enters hydraulic breaker sector.
Kinshofer and Hammer S.r.l. have announced that they have signed a definite agreement to merge. Under the terms of the agreement Kinshofer has acquired a majority shareholding of Hammer.
Kinshofer is a leading manufacturer of attachments for excavators, skid steer loaders and truck-mounted cranes. The company has something of a reputation for growth by acquisition. Previous acquisitions include Liftall Inc. (Canada), Demarec B.V. (Holland), RF System AB (Sweden), Auger Torque Group (U.K./ U.S.A./ Australia/ China), Solesbee´s LLC (U.S.A.) and the Doherty Group (New Zealand/ Australia).
Kinshofer reports that the acquisition of Hammer is significant in two ways; first it adds additional product segments, such as a full range of hydraulic breakers and other demolition tools to Kinshofer’s already very comprehensive offering. And secondly, it improves Kinshofer’s distribution channel in markets Hammer is very strong.
“Kinshofer continues its strategy to provide the industry with a “One-Stop-Shop” solution of outstandingly engineered products to increase efficiency and, more importantly, profitability of its customers,” says Thomas Friedrich, President & CEO of Kinshofer Group. “The acquisition of Hammer was the next step in our approach to be a global industry leader with solid local presence.”
Full details of this important acquisition will appear in the next edition of the Demolition magazine.
