Fassi acquires remaining shares of Cranab

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Italian crane manufacturer Fassi, has acquired the remainder of Cranab. It was partly acquired in 2013 and ownership by Fassi increased in stages thereafter. Now, with the acquisition of Cranab chairman Hans Eliasson’s shares, Fassi becomes the 100% owner of Cranab Group that includes Cranab, Vimek and Bracke Forest.

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Left to right: Anders Strömgren, Cranab Slagkraft CEO, Hans Eliasson, outgoing Cranab Slagkraft chairman, Giovanni Fassi, new Cranab Slagkraft chairman, Mats Ängquist, Cranab Slagkraft vice president and chief financial officer.
Source: KHL

Fassi Group CEO, Giovanni Fassi, commented that it is their ambition to develop Cranab as a crane supplier with a wider product range, in which truck mounted timber and recycling cranes become new products. The continuous development of off-road cranes for forest machines will further improve Cranab’s already strong position.

Hans Eliasson also commented that he had a long and exciting journey with Cranab over the last 45 years. His opinion is that Cranab will have greater opportunities in the future under Fassi ownership. He further added that Fassi’s ambitions are that Cranab will develop, produce and sell cranes that support and complement Fassi’s successful existing product range of cranes for cargo handling.

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