Konecranes to acquire certain assets of KION Group's Linde brand

Linde Material Handling is the container handling truck business of Kion Group.

Navi mumbai, India (prHWY.com) February 20, 2013 - Konecranes to acquire certain assets of KION Group's Linde brand

Wiesbaden: Konecranes, world leader in the lifting business has announced plans to acquire certain assets of Kion Group's Linde brand. Linde Material Handling is the container handling truck business of Kion Group. The companies have also inked a long term supply pact and will jointly work towards strengthening the global presence of respective container handling truck activities.
"This global collaboration with one of the leaders in this segment will significantly improve our container handling offerings to the customers of the Linde brand," said Theodor Maurer, member of the Executive Board of KION Group and CEO of Linde Material Handling.
With this acquisition, the reach stackers, empty container handlers and laden container handlers will be manufactured at Konecranes factories.
Besides, the company will get access to Linde's distribution channel. "The acquisition of certain assets of Linde Material Handling's container handling business opens wider distribution network for the combined reach stacker and empty container handler offering," says Hannu Rusanen, member of the Group Executive Board of Konecranes and Head of Business Area Equipment.
The deal is likely to close during the second quarter of 2013. Value of the deal remains undisclosed by the company.

EPC News Bureau

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