Fassi acquires remainder of Cranab

By Alex Dahm04 December 2017

The 12 tonne-metre Cranab TZ12

The 12 tonne-metre Cranab TZ12

Italian crane manufacturer Fassi has acquired the remainder of of Cranab. Part of Cranab was acquired in 2013 and ownership increased in stages after that. Now with the acquisition of Cranab chairman Hans Eliasson´s shares, Fassi is full owner of the Cranab Group, which is Cranab, Vimek and Bracke Forest.

Commenting on the deal, Giovanni Fassi, Fassi Group CEO, said, “Our ambition is to develop Cranab to become 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 handed over to Giovanni Fassi, commenting, “I have had a long and exciting journey with Cranab over the last 45 years. My definite opinion is that Cranab will have great opportunities in the future under Fassi ownership. 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.”

Fassi cranab press release

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

Latest News
ESTA warns members over ‘unclear’ ERRU rules
Be aware of the controversial new Europe-wide sanctions register for transport violations that came into effect on April 1 this year, European association ESTA warns
SMW’s Sarina Crane deal called off
Volatile conditions in the mining and infrastructure markets given as reason for abandoning engineering company SMW Group’s proposed acquisition of Sarina Crane Hire
Allelys delivers two old boats
UK heavy haulage specialist transported two historic boats from the country’s Royal Navy Fleet Air Arm Museum in Yeovilton to the Explosion Museum of Naval Firepower