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.
“This agreement will significantly improve our worldwide container handling business and give us great possibilities to grow and support our customers even better. It will further increase operational performance and utilisation in our current facilities, enabling new opportunities in our cooperation with Linde Material Handling”, said Lars Fredin, vice president and head of business for lift trucks within Konecranes.
“We are happy to work together with Konecranes. This global collaboration with one of the leaders in this segment will significantly improve our container handling offerings to the customers of the Linde brand,” said Brian Butler, managing director of Linde Material Handling’s Heavy Trucks Division. “We will maintain the highest standards in quality, delivery, performance and value – all standards to which our customers are accustomed.”