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CRANES AND HOISTS

Cranes are an essential component of many production and assembly halls, through which loads can be transported overhead in a three-dimensional working area. In addition, cranes can also be found at ports, mines and railroad stations around the world.

The crane and hoist industry includes manufacturers of cranes for various applications (e.g. industrial and process cranes) and designs (e.g. bridge crane, gantry crane) as well as for their suppliers (e.g. for trolleys, winches, hooks, control electronics etc.) and service providers.

Although there are a few very large, global suppliers, small to medium-sized companies and suppliers with a regional focus are still highly visible throughout the industry. These companies have been facing increasingly fierce competition from the far east and increased pressure to consolidate in order to position themselves strategically and effectively, is expected in the future. Many of the companies lack, above all, a coherent internationalization strategy

In cooperation with Aquin's Senior Advisor, Wolfgang Schorre, who brings over 40 years of industry expertise and management experience, we can jointly develop concepts to ensure that M&A is successful on both the sales and acquisition side.

SENIOR ADVISOR

Wolfgang Schorre - Senior Advisor Aquin
Wolfgang Schorre
Crane & Hoisting Industry, Conveyor Technology
AQUIN Link  Vita
Wolfgang Schorre - Senior Advisor Aquin
Wolfgang Schorre
Crane & Hoisting Industry, Conveyor Technology
AQUIN Link  Vita

SELECTED REFERENCES

Key Terms

>   Taking effect as of September 12, 2018, Eurocrane has signed a binding share purchase agreement to acquire 100 percent of the shares of industrial cranes builder Voith-Werke Ing. A. Fritz Voith GmbH & Co. KG, Traun, Austria. After obtaining regulatory approvals by the relevant authorities, the transaction has been successfully closed on December 10, 2018.
>   Aquin acted as the exclusive M&A advisor for the sellers.

Strategic Logic

>   With the entry of Eurocrane the owners of Voith arrange for their succession.
>   Voith shall not only remain as a trademark, but function as a premium brand for the whole Eurocrane group. Common structures such as sales and service in new international markets shall be developed in joint activity. Furthermore, the companies can benefit from each other`s R&D activities.
>   »The company will continue to operate on its own to the greatest possible extent. The successful philosophy of the current management shall be combined with the additional business opportunities arising.«, substantiate Eurocrane owners Irene Jin and Tony Tao.
Logo_VOITH_Foto

Voith

>   Ing. Voith has been active in the construction of innovative industrial cranes for 70 years and has established itself as one of the most successful producers of special crane systems in Europe.
>   Voith cranes are entirely designed, developed, planned and produced by around 170 employees in the plant in Traun – from the mechanical as well as the electrical engineering side.

Eurocrane

>   Eurocrane was founded in 2002 by the entrepreneurial couple Irene Jin and Tony Tao.
>   Since then, the company has developed itself to be one of the most significant producers of high-quality cranes and lifting equipment in Asia, employing more than 800 people.
>   Being listed on the Shanghai Stock Exchange now, enjoying a market capitalization of 250 million euros, a majority share of Eurocrane still remains in the hands of the founders.

Key Terms

>   Taking effect as of September 12, 2018, Eurocrane has signed a binding share purchase agreement to acquire 100 percent of the shares of industrial cranes builder Voith-Werke Ing. A. Fritz Voith GmbH & Co. KG, Traun, Austria. After obtaining regulatory approvals by the relevant authorities, the transaction has been successfully closed on December 10, 2018.
>   Aquin acted as the exclusive M&A advisor for the sellers.

Strategic Logic

>   With the entry of Eurocrane the owners of Voith arrange for their succession.
>   Voith shall not only remain as a trademark, but function as a premium brand for the whole Eurocrane group. Common structures such as sales and service in new international markets shall be developed in joint activity. Furthermore, the companies can benefit from each other`s R&D activities.
>   »The company will continue to operate on its own to the greatest possible extent. The successful philosophy of the current management shall be combined with the additional business opportunities arising.«, substantiate Eurocrane owners Irene Jin and Tony Tao.
Logo_VOITH_Foto

Voith

>   Ing. Voith has been active in the construction of innovative industrial cranes for 70 years and has established itself as one of the most successful producers of special crane systems in Europe.
>   Voith cranes are entirely designed, developed, planned and produced by around 170 employees in the plant in Traun – from the mechanical as well as the electrical engineering side.

Eurocrane

>   Eurocrane was founded in 2002 by the entrepreneurial couple Irene Jin and Tony Tao.
>   Since then, the company has developed itself to be one of the most significant producers of high-quality cranes and lifting equipment in Asia, employing more than 800 people.
>   Being listed on the Shanghai Stock Exchange now, enjoying a market capitalization of 250 million euros, a majority share of Eurocrane still remains in the hands of the founders.

CONTACT

Martin Kanatschnig - Aquin
Martin Kanatschnig
Vorstand
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Thomas Grauvogl - Aquin
Thomas Grauvogl
Managing Director
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Bennet Former - Aquin
Bennet Former
Associate
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Martin Kanatschnig - Aquin
Martin Kanatschnig
Vorstand
AQUIN Link  e-mail contact
AQUIN Link  Vita
Thomas Grauvogl - Aquin
Thomas Grauvogl
Managing Director
AQUIN Link  e-mail contact
AQUIN Link  Vita
Bennet Former - Aquin
Bennet Former
Associate
AQUIN Link  e-mail contact
AQUIN Link  Vita