HIAB CORPORATION, PRESS RELEASE, 5 JANUARY 2026 AT 9:00 AM (EET)Hiab completes the acquisition of ING Cranes Hiab has today completed the acquisition of the Brazilian crane manufacturer ING Cranes, announced on 26 November 2025. The acquisition significantly enhances Hiab’s presence in Brazil, complementing its current portfolio in the market. The acquired operations will be included in Hiab’s financial reporting for the first time in the first quarter of 2026. ING Cranes’ sales in 2024 amounted to approxim ...

Financial Performance - Net sales reached $471 million[12] - Adjusted EBITDA was $22 million[12] - Liquidity remains strong at $307 million[24] - Free cash flows were $2.1 million[40] compared to $(42.8) million in the same period last year[40] - Adjusted ROIC is 5.1%[41] Orders and Sales - Orders totaled $610 million[12] - Non-new machine sales increased by 11% year-over-year[12] - The company plans to mitigate 80-90% of the approximately $60 million in tariff costs[27] Market Conditions - Overall positive customer sentiment exists, but tariffs are creating pockets of uncertainty[18] - North America shows improved order intake and stable rental utilization[18] - Europe shows improved customer sentiment from German infrastructure announcement and towers showing signs of recovery[18] - Asia Pacific shows India remains strong while China weakness continues[18]