PALFINGER signed the contract for the acquisition of TSK Kran und Wechselsysteme GmbH and TSR Lacktechnik GmbH on November 19, 2021. Participation in its long-standing partner in Duisburg strengthens the company's position in northwestern Germany and in the “three country corner”.
TSK Kran und Wechselsysteme GmbH has been an important and valuable partner in the northwest of Germany for more than 20 years and holds a significant market share in the Ruhr area. TSK enjoys an excellent reputation, especially in sales and service. At the beginning of 2022, the world's leading manufacturer of innovative crane and lifting solutions will take over the Duisburg-based company.
Central Sales and Service Location
For PALFINGER, joining TSK means strengthening its presence in the German market. For TSK, the takeover ensures its continued existence in full, with all its employees. Following complete integration into the PALFINGER Group, the Duisburg site will be expanded to become the central sales and service location in the region. Matthias Köppen will manage the Duisburg subsidiary.
More Customer Proximity
“Participating in our long-standing partner is an important step towards providing our customers in the Rhein-Ruhr region and “the three country corner” with even more intensive and comprehensive support and emphasizes the importance of the German market - in line with our brand promise: ‘Creating value together’,” explains PALFINGER CEO Andreas Klauser.
ABOUT PALFINGER AG
The international mechanical engineering firm of PALFINGER is the world’s leading producer of innovative crane and lifting solutions. With around 12,000 employees, 34 manufacturing sites and a worldwide network of dealerships and service centers at over 5,000 locations, PALFINGER takes on its customers’ challenges and creates added value. 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 digitization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2021 achieved record revenue of EUR 1.84 billion. In 2022, PALFINGER celebrates its 90th anniversary under the tagline “Celebrating the future since 1932.”
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | firstname.lastname@example.org