28.01.2013

Wilbert tower cranes enters administration

German tower crane manufacturer Wilbert Turmkrane has appointed an administrator – Martin Lambrecht – last Friday following an insolvency application to the Bad Kreuznach district court.

The tower crane manufacturer, which opened a new production facility in 2008 and more recently launched its WT650 e.tronic flat top crane, has told customers and suppliers that business will continue as normal with all 129 employees.

Wilbert Turmkrane was founded in 2003 after the original Wilbert company – founded in 1932 – had ended its distribution agreement with Wolff in order to build its own products. Between 2004 and 2010 it built 200 cranes. The Wilbert group as a whole claimed to have generated around €60 million in revenues in 2011 and was talking of an Initial Public Offering as recently as September.

Wilbert Crane Service, and Wilbert GmbH rental and tower crane erection operations are not affected by the bankruptcy proceedings, neither is the group's heavy tower crane joint venture with Sarens WSV.

Lambrecht said: "I will take charge of the Wilbert tower crane business, retaining all employees while I review the situation.”
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The Wilbert tower crane yard