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Konecranes acquires service business of Munck Cranes
(source: https://www.khl.com/news/konecranes-acquires-service-business-of-munck-cranes/8029842.article)
Intel type: Mergers & Acquisition
Date: 22 June 2023
Industrial and port crane manufacturer Konecranes has acquired the industrial crane service business of Munck Cranes.
Industrial crane maker Munck from Norway went bankrupt in late May. Acquiring Munck’s service business gives Finland-headquartered Konecranes “access to new customers and a large installed base of Munck’s industrial cranes in Norway and beyond.”
For almost 100 years Munck built factory cranes and supplied components, notably for use in pulp and paper mills, the steel industry, steel stockholders and the hydro-electric power industry. Its service business brought in as much as €10 million a year and “has been clearly profitable,” Konecranes said. Around 40 employees in four teams run the operation throughout Norway.
“We welcome our Munck Cranes colleagues to Konecranes and look forward to working together to develop and expand operations in the Nordic region and beyond,” said Tomas Myntti, Konecranes senior vice president EMEA for industrial service and equipment.
This insight is useful for your prospecting if your business deals with: Procurement, AI, Website development, Employee onboarding, Security, Digital marketing, Contract management services
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Konecranes wins public tender for container handling equipment from Danish terminal
Intel type: Deals & Partnerships
Date: 03 July 2023
Copenhagen Malmö Port (CMP) will receive new container handling equipment from Finnish manufacturer Konecranes for a new box terminal in Copenhagen, the capital of Denmark.
After winning the public tender, Konecranes will supply eight hybrid straddle carriers that will be delivered in the fourth quarter of 2023, and two ship-to-shore (STS) cranes, scheduled for delivery in the first quarter of 2025.
The order was booked in the second quarter of 2023.
The existing container terminal in Copenhagen will move a few kilometers to a better location in Ydre Nordhavn. The project is expected to be completed by 2025.
CMP is responsible for the operational activities and for the machines that will handle containers at the terminal.
This insight is useful for your prospecting if your business deals with: Procurement, AI, Website development, Employee onboarding, Security, Digital marketing, Contract management services
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Konecranes chooses L&T for port cranes manufacturing in India
(source: https://www.ship-technology.com/news/konecranes-lt-port-cranes-india/)
Intel type: Media, News & PR
Date: 28 June 2023
Finnish firm Konecranes has struck a licensing agreement with Larsen & Toubro (L&T) for making and distributing the former’s port cranes in India.
The alliance between Konecranes and L&T’s Minerals & Metals business arm will include manually run ship-to-shore cranes, rail-mounted gantry cranes and rubber-tired gantry cranes from the Konecranes portfolio, as well as the company’s shipyard cranes.
Konecranes and Indian conglomerate L&T will also cooperate to provide after-sales support.
The partnership will strengthen Konecranes’ reach in India, which Konecranes South Asia sales director for Port Solutions Shyam Pathak described as ‘a dynamic market with great potential’.
He continued: “We look forward to working with L&T to build a customer base that will benefit from our specialist expertise and global service network.”
Cochin Shipyard has placed the first order under the agreement for two shipyard jib cranes, which are level-luffing, single-boom jib cranes.
This insight is useful for your prospecting if your business deals with: Procurement, AI, Manufacturing, Supply chain, Logistics, Website development, Employee onboarding, Security, Digital marketing, Contract management services
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