Wednesday , 18 September 2019
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Konecranes acquired the entire share capital of Spanish crane and service company Eydimen 2000 S.L., based in San Sebastian in Northern Spain, at the beginning of March 2008. Prior to this transaction, Konecranes held 19.2 per cent of the share capital in Eydimen, which has been selling Konecranes-branded industrial cranes in Spain since 2005.

Konecranes acquires Spanish crane company

The shares were acquired from the company’s management, which will continue to run the company. However the firm, which has 15 employees, will be renamed Konecranes Gruas S.L. The value of the acquisition was not disclosed.

Spain is one of the largest crane and service markets in Europe. Acquiring the full ownership of Eydimen is in line with Konecranes’ strategy of becoming a major crane and service company in all major markets. Eydimen is located in one of Spain’s most important industrial hubs, and it markets its products and services throughout the country.

“Through full ownership of Eydimen we significantly increase our focus and ability to grow on the attractive market for cranes and crane service in Spain,” said Pekka Päkkilä, president, Standard Lifting at Konecranes.