M&A Deal Summary

Konecranes Acquires Provincial Services Crane Specialists

On October 23, 2008, Konecranes acquired machinery company Provincial Services Crane Specialists

Acquisition Highlights
  • This is Konecranes’ 4th transaction in the Machinery sector.
  • This is Konecranes’ 1st transaction in Canada.
  • This is Konecranes’ 1st transaction in Ontario.

M&A Deal Summary
Date 2008-10-23
Target Provincial Services Crane Specialists
Sector Machinery
Buyer(s) Konecranes
Deal Type Add-on Acquisition

Target

Provincial Services Crane Specialists

Allanburg, Ontario, Canada
Provincial Services Crane Specialists is specialized in overhead crane inspection, maintenance, repair, spare parts, modernization and lifting equipment. The company sells its products and services directly to end users in the steel, mining, power and general manufacturing industries.

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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 6 of 20
Sector (Machinery) 4 of 12
Type (Add-on Acquisition) 5 of 17
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2008) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Electron Service

Wednesbury, United Kingdom

Electron Service Ltd. is specialize in maintenance services for machine tools in the engineering industry. Electron Service was founded in 1981 and is based in Wednesbury, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Machine Tool Services

High Wycombe, United Kingdom

Machine Tool Services (GB) Ltd. is specialize in maintenance services for machine tools in the engineering industry. Machine Tool Services is based in High Wycombe, United Kingdom.

Buy -
Mergr

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