M&A Deal Summary

Konecranes Acquires King Tool

On November 5, 2010, Konecranes acquired machinery company King Tool

Acquisition Highlights
  • This is Konecranes’ 9th transaction in the Machinery sector.
  • This is Konecranes’ 5th transaction in the United States.
  • This is Konecranes’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2010-11-05
Target King Tool
Sector Machinery
Buyer(s) Konecranes
Deal Type Add-on Acquisition

Target

King Tool

Erlanger, Kentucky, United States
King Tool Co. is a provider of services to customers, including machine tool retrofits and rebuilds.

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Buyer(S) 1

Buyer

Konecranes

Hyvinkaa, Finland
Category Company
Founded 1910
Sector Engineering
Employees16,553
Revenue 4.0B EUR (2023)
DESCRIPTION

Konecranes is an engineering group specialising in advanced overhead lifting solutions and maintenance services. The company's customers span virtually every industry and its products are used in harbours around the globe. Konecranes was founded in 1910 and is based in Hyvinkaa, Finland.

DEAL STATS #
Overall 17 of 20
Sector (Machinery) 9 of 12
Type (Add-on Acquisition) 16 of 17
State (Kentucky) 1 of 1
Country (United States) 5 of 8
Year (2010) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-02 Techniplus S.A.R.L.

Casablanca, Morocco

Techniplus S.A.R.L. is a distributor of Konecranes’ lifttrucks and port equipment in Morocco. Techniplus is based in Casablanca, Morocco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 Ameratronic Industries

Portage, Indiana, United States

Ameratronic Industries, Inc. is a provider of crane and hoist service to process duty customers

Buy -
Mergr

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