PALFINGER Group has acquired the marine crane division of PALFINGER Systems GmbH to strengthen its marine portfolio and capitalize on growth in the offshore wind sector.
Overview of the Target
PALFINGER Systems GmbH, located in Salzburg, Austria, is a privately-owned company under the PALFINGER family. It has established itself as a global expert in the field of marine and offshore cranes, with lifting capacities reaching up to 750 metric tons. The company stands out as the only provider of complete lifting systems designed for the maintenance and servicing of both onshore and offshore wind farms.
The marine and wind crane division of PALFINGER Systems is optimally positioned within the marine crane market and holds a leading position in offshore wind crane manufacturing. In 2009, this sector generated nearly €30 million in revenue.
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Industry Overview
Austria's industrial sector is characterized by its diverse economy, with a strong focus on manufacturing and engineering. The country has developed a robust infrastructure conducive to the growth of advance
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Disclosed details
Revenue: $30M