July 20, 2008

Konecranes buys Spanish service firm

It is reported that Konecranes has acquired the entire share capital of Spanish crane and service company Eydimen 2000 SL based in San Sebastian in Northern Spain. The shares were acquired from the company's management, who will continue in the company. The value of the acquisition is not disclosed.

The company, which has 15 employees, will be named Konecranes Gruas SL

Prior to this transaction, Konecranes held 19.2% of the share capital in Eydimen, which has been selling Konecranes branded industrial cranes in Spain since 2005.