Konecranes acquires India’s WMI Cranes

The company, which is owned by its managing director Gopal Vazirani and his family, is one of the leading manufacturers of heavy duty cranes in India. WMI has an installed base of over 4,000 cranes in India and an extensive sales network throughout the country which, combined with Konecranes’ service experience and knowledge, creates a solid basis for the future development of maintenance services in India.

WMI cranes are used especially within the steel, engineering, general manufacturing, cement, energy, shipyard and logistics industries. WMI operates two production plants, one in Mumbai and one in Jejuri, near Pune.

For the year ended March 31, 2010 WMI’s net sales amounted to approx. Euro 30m (US$42m). The company has an order book of more than Euro 50m and its order intake prospects are good. WMI employs approximately 350 people and an additionally contracted workforce of about 600.