EFFER AND HIAB TOGETHER
Hiab has completed the acquisition of Effer S.p.A. of the CTE Group. The signing of the transaction was announced on July 31, 2018. For Effer, one of the world leaders in the sector of loader and marine cranes, this union is one more step towards a bright future of remarkable growth; And for Hiab, as the world leader in road cargo handling solutions, it represents a significant advance in its ambition to be a crane leader and partner of choice for its customers. Effer, based in Minerbio, Italy, and with approximately 400 employees, is a renowned manufacturer of high-end articulated jib cranes. Effer's product range includes truck loader cranes, special application truck cranes and marine cranes, with special recognition for heavy cranes of> 100tm capacity. Distribution is managed through a network of more than 100 distributors covering around 60 countries worldwide.
The incorporation of Effer to Hiab will mean further strengthening Hiab's development and innovation competition, an improvement in the crane portfolio, greater coverage thanks to widely complementary sales and distribution networks, and boosting competition in service from Hiab. These combined assets will translate into continued brand growth and improved customer experience for both brands.