Management staff from both Shriro group and Liebherr Tower Cranes after closing the deal.
Liebherr Biberach has completed the acquisition of the Shriro tower crane division from the Shriro group in Hong Kong.
The deal is an asset based transaction and includes 24 tower cranes, with 20 sales and service staff, all of whom have transferred to the new Liebherr distribution operation. The business will report into Liebherr-Singapore which will now be responsible for the Liebherr tower crane business throughout Asia.
The Shriro Group has had close ties with Liebherr since 1978 when, under the name Peninsula Engineering & Equipment, it became the official Liebherr dealer for its tower cranes in Hong Kong and Macao. Liebherr will now run this sales and rental business itself, while Shriro will focus on its core business – international trade in consumer goods. No financial details of the transaction have been disclosed.
Dominique Tasch, managing director of Liebherr Biberach said: “The crane specialists are superbly trained and have already completed courses at our manufacturing plant in Biberach. That means that the transition will be very smooth and existing contracts and obligations will be met without any restrictions. The takeover will enable Liebherr to place a permanent footprint on the Asian market as a manufacturer.”
“We are particularly focussing on project business and special building sites. Liebherr can provide excellent services for complex special projects, using the expertise of its engineers from the ‘Tower Crane Solutions’ Business Unit. We work with the customer to find a safe, economical solution to technically complicated building projects.”
Source by Vertikal.