PALFINGER acquires Spanish dealer and founds PALFINGER Iberica

• Operations to start at the end of the first quarter of 2016 
• Sale and servicing of PALFINGER products in Spain and Portugal 
• Significant growth of Spanish crane market expected

At the end of 2015, the PALFINGER Group signed an agreement with the Mulder family, the majority owner of MYCSA, which is one of PALFINGER’s most successful dealers. Under the agreement, substantial parts of the business of the company MYCSA will be continued under the umbrella of the PALFINGER Group. Subject to the official approvals, PALFINGER Iberica, a company yet to be founded, will take over the sales and services business in Spain and Portugal at the end of the first quarter of 2016.

PALFINGER Iberica will employ around 80 staff members at six locations and focus on the sale and servicing of truck mounted loader cranes, timber and recycling cranes, hooklifts, access platforms, and products from the marine division. For the time being, 75 per cent of the company will be owned by the PALFINGER Group and 25 per cent will be held by the Mulder family and the managing director. Olaf Mulder will continue to work for the company as a consultant for another year.

Spain was among PALFINGER’s most important markets until 2008, and the Mulder family, with its company MYCSA, has contributed a great deal to PALFINGER’s extraordinarily high market share in the past 38 years. However, following the financial crisis and the subsequent real estate crisis, the market collapsed, and the first hesitant signs of recovery only appeared in 2014 and 2015. The crane market is expected to grow strongly in the years to come; with this strong partner PALFINGER is well-equipped for competition.