Tag Archives: Scott Phillips

Hiab strengthens South American footprint with strategic purchase of ING Cranes

(IN BRIEF) Hiab has signed an agreement to acquire Brazilian crane manufacturer ING Cranes, a deal that significantly reinforces its presence in the Brazilian loader crane market. ING Cranes, founded in 2010 and generating about EUR 50 million in 2024 … Read the full press release

Cargotec Reports Record-High Profitability in Half-Year 2023 Financial Report

(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release