Konecranes acquires Sanma

By Laura Hatton24 June 2014

Lifting equipment manufacturer, Konecranes, has acquired Chinese hoist and crane manufacturer Jiangsu Three Horses Crane Manufacture (Sanma).

Following the acquisition of the remaining shares, Konecranes now owns 100 % of Sanma, a company spokesperson said. Since 2009, Konecranes owned 65 % of shares in Sanma.

Sanma is based in Jingjiang, near Shanghai. The company supplies wire rope hoists in China and supplies cranes to Jiangsu and neighbouring provinces.

Latest News
Infrastructure spending and sustainability to drive construction’s growth
Bright future for construction but supply chain challenges and worker shortages to get worse
Crosby acquires Airpes
The Crosby Group has acquired the Spanish company to expand its technology solutions portfolio
Majority of US areas add construction jobs
Despite the pandemic causing supply chain issues within the construction sector, most US metro areas saw an increase in construction jobs