Kato Cranes (UK) Ltd up for sale
Kato Cranes (UK) Ltd is up for sale and all options will be re-considered if a buyer cannot be found. That is the stark message that has been delivered to employees at the Bristol-based company’s depot. The new owner is a Finnish conglomerate, Metso, which acquired construction equipment manufacturer Svedala earlier this year. Svedala owned Kranlyft, the Swedish based company that owns Kato Cranes (UK) Ltd, UK distributor of Kato, Riggers, Shuttlelift, Spierings, Marchetti and Maeda. Kranlyft distributes this equipment in Sweden where it is also the Snorkel dealer.
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Kato Cranes UK is up for sale
Paul Rosevere, sales director of Kato Cranes (UK), told Vertikal.net that Christer Dijnér and John Hornby were no longer directors of the company and that he and Terry Marnock are now reporting directly to a representative of Metso.
Kato Cranes (UK) Ltd also has a large stock of used cranes which Mr Rosevere is continuing to sell. He added that until a further decision is reached on the future of the company, business, including sales of new cranes, will continue as usual with all warranty work and spares orders unaffected.
Metso now has more than 32000 employees worldwide.
* Kato cranes are built by the Kato Works Co of Japan which is unaffected by the takeover.