English

KONECRANES EXPANDS ITS MACHINE TOOL SERVICE BUSINESS - ACQUISITIONS IN DENMARK AND THE UK

Report this content 
Konecranes expands its machine tool service business - acquisitions in Denmark
and the UK 

In January 2010 Konecranes expanded its machine tool service (MTS) business to
Denmark by acquiring the assets of the company AH Maskinservice A/S. Konecranes
also acquired the Scottish company Axis Machine Tool Engineers Limited,
headquartered in East Kilbride. AH Maskinservice A/S has 7 employees and Axis
Machine Tool Engineers Limited 12 employees. The combined annual net sales of
the companies were in 2009 approximately EUR 4 million. The value of the
acquisitions is not disclosed. 

AH Maskinservice A/S is located in Horsens, east Jutland and is specialized in
safety inspections and CE labeling, hydraulic presses and overall machine tool
service. The acquisition of AH Maskinservice is part of Konecranes' strategy to
expand its MTS business in the Nordic countries. AH Maskinservice's previous
owner will work as branch manager for Konecranes' MTS business in Denmark. 

Axis Machine Tool Engineers Limited is specialized in maintenance services of
machine tools in Scotland and Northern Ireland. In addition, Axis sells machine
tools and auxiliary equipment for machine tools. Through Axis Machine Tool
Engineers Limited, Konecranes is able to offer a wide range of maintenance
solutions for customers in the Scottish engineering industry, especially to oil
industry service workshops. 

“Up to now, Konecranes has offered MTS services in the Nordic countries through
its MTS offices in Finland, Sweden and Norway. We are now very pleased to be
able to offer local Konecranes MTS services also in Denmark,” says Pekka
Kujala, Vice President, MTS, at Konecranes. “Axis Machine Tool Engineers
Limited will be become the northern district organization of Konecranes' MTS
operations in the UK.” 

The acquired companies will be consolidated in Konecranes' financial statements
as of January, 2010. 

Konecranes now has MTS offices in Finland, Sweden, Norway, Denmark, Estonia,
Ukraine, the UK and the US. 

Further information:
Press
Pekka Kujala, Vice President, MTS, Konecranes Plc
E-mail: pekka.kujala@konecranes.com or phone +358 20 427 4014

Analysts and investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
E-mail: miikka.kinnunen@konecranes.com or phone +358 20 427 2050

This press release is available at our website www.konecranes.com

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions and services for lifting equipment of every make. In 2008, Group
sales totaled EUR 2,103 million. The Group has 9,700 employees, at 485
locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd.
(symbol: KCR1V).

Subscribe