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M&A Deal Summary

Palfinger Acquires Hubert Palfinger Technologies

On November 28, 2013, Palfinger acquired machinery company Hubert Palfinger Technologies

Acquisition Highlights
  • This is Palfinger’s 2nd transaction in the Machinery sector.
  • This is Palfinger’s 1st transaction in Austria.

M&A Deal Summary
Date 2013-11-28
Target Hubert Palfinger Technologies
Sector Machinery
Buyer(s) Palfinger
Deal Type Add-on Acquisition

Target

Hubert Palfinger Technologies

Salzburg, Austria
Hubert Palfinger Technologies GmbH is a manufacturers of hydraulic lifting, loading and handling systems. Palfinger systems GmbH develops and produces innovative technologies in engineering and processing as well as tailor-made customer and project solutions. The advantage of these solutions is that they make work processes faster, more efficient, safer and more environmentally friendly than conventional methods.

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Buyer(S) 1

Buyer

Palfinger

Bergheim, Austria
Category Company
Founded 1932
Sector Machinery
Employees11,653
Revenue 2.4B EUR (2024)
DESCRIPTION

Palfinger is a manufacturer of innovative lifting solutions for use on commercial vehicles and in the maritime field. The pillars of corporate strategy comprise innovation and the further internationalization as well as the growing flexibility of products, services and processes. Palfinger was incorporated in 1932 and is based in Bergheim, Austria.

DEAL STATS #
Overall 6 of 9
Sector: Machinery M&A 2 of 5
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Austria M&A 1 of 1
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-28 Megarme

Dubai, United Arab Emirates

Megarme LLC composed of three companies in Dubai, Abu Dhabi and Qatar, specializes in the service business and provides rope access technologies applied by rope access professionals. Rope access professionals are specially trained technicians primarily assigned to particularly difficult tasks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 PM-Group Lifting Machine

Russia

PM-Group Lifting Machine is an important supplier of cranes for timber and recycling in Russia. PM-Group Lifting Machine is composed of the two Russian crane manufacturers Velmash and Solombalsky, both of which produce and distribute a broad range of timber and recycling cranes. The group also operates in the market segments of loader cranes, stationary cranes, container handling systems and customized solutions.

Buy -
Mergr

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