26.06.2007

Kranlyft acquires supplier

AB Kranlyft, the European distributor of Maeda mini cranes and Kato mobile cranes, has announced that it has signed a contract to purchase the whole share capital of AB Molnlycke Bilfjaderservice (MBS), Sweden’s largest independent supplier of road springs for trucks and buses.

MBS was established in 1955 and has for many years supplied Kranlyft with springs for mobile cranes. Christer Dijnér, managing director of Kranlyft said: “Efficiency for both companies will be enhanced by sharing overheads and pooling technicians during peak periods.”

Kranlyft has 25 employees and annual revenues of around €9.4 million while MBS has eight employees and revenues of approximately €1.2 million.

As part of the acquisition Kranlyft has acquired around 24,000 square metres of land, including industrial buildings of 5,600 square metres, close to Gothenburg's Landvetter airport. Workshop facilities are already available alongside MBS and AB Kranlyft will be developing new offices on the site for its own operations. These should be ready for occupation in time for Winter 2007/08.