PALFINGER acquires Danish dealer
- Start of operations in February 2017
- Former owner will focus on core business
- Denmark is a highly developed market with stable growth rates
The PALFINGER Group has acquired all shares in its Danish dealer, Palfinger Danmark AS, with immediate effect. The purchase agreement includes the further employment of all staff members and the continuation of the whole sales & service network. The former sole owner, STIHOLT HOLDING A/S, will focus henceforth on its core business. The successful management of Palfinger Danmark, led by CEO Jens Kristoffersen, will continue to manage the company. This takeover secures a long-term stable ownership structure in an important market for PALFINGER.
Palfinger Danmark, which imported and distributed PALFINGER cranes for more than 20 years, employs around 20 staff members at two locations and distributes primarily truck mounted loader cranes, timber and recycling cranes, and hooklifts. Denmark is a highly developed market for lifting and loading equipment with stable growth rates expected in the future.
ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company and the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,700 employees (without contract workers), 30 manufacturing sites and a worldwide sales and service network of around 5,000 service points, PALFINGER creates added value from the challenges of its customers. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, while leveraging the potential of digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2023 achieved record revenue of EUR 2.45 billion.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.
