Independent journal on economy and transport policy
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the Cargotec group will buy the business of the caricatrici cranes of the Argos Brazilian
the acquisition will be carried out by the Hiab brand in the course of the third trimester of this year
August 1, 2017
The Hiab of the Finnish group Cargotec has signed an agreement in order to buy the activities in the segment of the caricatrici cranes of the Brazilian producer of crane Argos Guindastes Indústria and Comércio Ltda., business that constitutes great part of the activity of the South American company. According to the forecasts, the transaction will be put into effect in the course of the third trimester of this year.
"Brazil - it has emphasized the president of the Hiab, Roland Sundén - is one of the greatest world-wide markets for the caricatrici cranes. A presence in Brazil is important to the aim to become one of the total leaders of the field of means of handling. The acquisition of the Argos constitutes another concrete step online with our strategy for the increase and in order to become numbers world-wide ones in cargo handling".
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