Hiab Strengthens Brazilian Market Position with Completion of ING Cranes Acquisition

Hiab Strengthens Brazilian Market Position with Completion of ING Cranes Acquisition

(IN BRIEF) Hiab has finalized its acquisition of Brazilian crane manufacturer ING Cranes, expanding its presence and strengthening its loader crane portfolio in Brazil. The acquired business, which reported sales of around EUR 50 million in 2024, will be included in Hiab’s financial reporting from the first quarter of 2026. The transaction enables Hiab to offer a full spectrum of loader cranes from light to heavy duty, supporting customers across agriculture, construction, rental, and transportation sectors. Both companies see the acquisition as a platform for long-term growth, innovation, and enhanced market positioning in Brazil.

(PRESS RELEASE) HELSINKI, 5-Jan-2026 — /EuropaWire/ — Hiab has completed the acquisition of ING Cranes, a Brazilian manufacturer of loader cranes, following the transaction announced in November 2025. The acquisition strengthens Hiab’s position in Brazil and expands its product offering in one of its key growth markets.

The newly acquired business will be consolidated into Hiab’s financial reporting starting from the first quarter of 2026. ING Cranes generated sales of approximately EUR 50 million in 2024. The parties have agreed not to disclose the financial terms of the transaction.

With the addition of ING Cranes, Hiab significantly broadens its loader crane portfolio in Brazil. The combined offering now spans light-, medium-, and heavy-duty loader cranes, enabling Hiab to serve a wider range of customer needs across agriculture, construction, transportation, and equipment rental segments. The acquisition reinforces Hiab’s ambition to be a preferred end-to-end solution provider in the Brazilian market.

Marcel Boxem, Marcel Boxem, Vice President Sales & Product Management for Hiab Loader Cranes Heavy and Superheavy, said the acquisition complements Hiab’s existing brands and enhances its ability to deliver comprehensive solutions tailored to local market requirements. He noted that ING Cranes’ established presence and capabilities support Hiab’s long-term growth strategy in Brazil.

Horacio Bregoli, Horacio Bregoli, Chief Executive Officer of ING Cranes, described the transaction as an important step for the company’s future development. He highlighted the opportunity to accelerate growth and innovation as part of Hiab, while contributing to the group’s broader vision for the evolution of the load-handling industry.

Hiab, listed on Nasdaq Helsinki, is a global provider of smart and sustainable on-road load-handling solutions. The company operates through an extensive network of its own and partner sales and service locations worldwide, supporting customers in more than 100 countries. In 2024, Hiab’s continuing operations generated sales of approximately EUR 1.6 billion, supported by a workforce of over 4,000 employees.

For further information, please contact:
Birgitte Skade, Executive Vice President, Marketing and Communications
Email: birgitte.skade@hiab.com
tel. +358 20 777 4000

Further information for investors:
Aki Vesikallio, Vice President, Investor Relations,
tel. +358 40 729 1670

Hiab (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on road load-handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. Globally, Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company’s continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. www.hiabgroup.com

SOURCE: Hiab Corporation