27.02.2023
Welti-Furrer acquires Kran Hag
Swiss crane rental company Welti-Furrer has acquired crane and transport company Kran Hag.
Welti-Furrer is based in Zurich, while Kran Hag is located in Biel - northwest of Bern. The Hag fleet comprises two Liebherr All Terrains including a five axle 130 tonner and a high capacity loader crane. The Biel location and staff will continue to operate within the Welti-Furrer group. The transaction was agreed in December but has now been completed.
Kran Hag dates back to 1988, while Welti-Furrer was established almost 185 years ago in 1838, offering horse drawn transport. It is now one of the largest crane and transport providers in Switzerland with around 50 mobile cranes. Its fleet includes All Terrains, Self-erecting mobile cranes, crawler cranes - topped by the new 750 tonne Liebherr LR 1750/2 and 100 transport vehicles, some of which are equipped with medium to large loader cranes. It operates from seven locations.
Managing director Fabian Meier speaking to Vertikal.net said: "We are expanding our footprint to the west, but Switzerland has overcapacity in the area of heavy lift logistics. Accordingly, it makes more sense to take over an existing company and its equipment than to buy new equipment and thus further intensify the overcapacity and any associated price war.”
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Sherm
It sounds like someone put a pencil to the paper, ran the math and used common sense to makes this decision. With good planning and appropriate execution of the plans it will be a successful acquisition.