PALFINGER news

PALFINGER acquires Danish dealer

31.01.2017
  • 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

The international mechanical engineering firm of PALFINGER is the global leader for innovative crane and lifting solutions. With a workforce of over 11,600, 34 manufacturing sites and a worldwide network of dealerships and maintenance centers at over 5,000 locations, PALFINGER is always close to the customer.

As the leader in its engineering field, the company aims to ensure its partners’ business success in the long term by providing solutions and products that remain economically and ecologically viable in the future. Its broad product and model portfolio allows PALFINGER to take digitalization and the deployment of artificial intelligence to new levels.

As a global company with strong roots in its home region, PALFINGER is convinced that thinking and acting in the interests of sustainability plays a vital role in successful business operations. This is why the company assumes social, ecological and economic responsibility along the entire value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2020 achieved a revenue of EUR 1.53 billion.

 

For further information please contact:

Hannes Roither | Company 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.