Finnish lifting equipment manufacturer Konecranes has acquired Moroccan port crane and modernisation company Techniplus.
Konecranes has been on the acquisition trail recently, purchasing Indian crane company WMI and publicly stating its intention to buy German giant Demag.
Techniplus, which prior to the deal was the distributor of Konecrane’s lift-trucks and port equipment in Morocco, is its first North African acquisition.
“Morocco is a country with a good business environment and a rapidly developing economy, and Techniplus is well known and respected in Morocco for its technical capabilities. Through the acquisition, Konecranes will also be able to offer the whole Konecranes product range to the Moroccan market,” reads the company’s statement.
Techniplus, which has 120 employees and in 2009 posted €7 million net sales.
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