Hiab completes the acquisition of ING Cranes

Core Insights - Hiab has completed the acquisition of Brazilian crane manufacturer ING Cranes, enhancing its market presence in Brazil [1][2] - The financial results of ING Cranes will be included in Hiab's reporting starting from the first quarter of 2026, with ING Cranes' sales in 2024 reported at approximately EUR 50 million [2] - The acquisition allows Hiab to offer a comprehensive range of loader cranes, solidifying its position in the Brazilian agriculture, rental, construction, and transportation industries [3] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with continuing operations sales in 2024 totaling approximately EUR 1.6 billion and employing over 4,000 people [4] - The company operates through an extensive network of 3,000 sales and service locations globally, enabling delivery to over 100 countries [4]