BREAKING NEWS – Konecranes and Linde sign lift truck agreement

The two groups have signed a long-term supply agreement and will collaborate to further increase the global competitiveness of their respective container handling truck activities. Although the value of the assets purchased has not been disclosed, the transaction is expected to be completed during the second quarter of 2013.

According to a statement from Konecranes, the collaboration will improve economies of scale in R&D and manufacturing. The assets acquired include the respective product rights and access to Linde’s distribution network. This will enable both companies to continue to offer container handling trucks to their distribution channels.

Each will continue to offer a full range of reachstackers, empty container handlers and laden container handlers, worldwide. However, after a period of time, all manufacturing will take place in Konecranes factories.