German crane and heavy lift group Hüffermann has acquired Hamburg based crane rental and heavy haulage company Knaack.
The announcement was made this morning, but no financial details of the transaction were revealed, but the company did say that the deal was intended to provide Hüffermann with a significantly strong position in Hamburg and the entire region of north Germany.
The deal takes the Hüffermann crane fleet to 250 units including both All Terrain and crawler cranes. In total, it operates more than 1,200 pieces of equipment from cranes, work platforms and telehandlers to trucks and smaller equipment.
Image( Daniel Janssen \(L\) of Hüffermann with Matthias Knaack)
Hüffermann chief executive Daniel Janssen said: "With the takeover of the traditional company Knaack, we are gaining a strong and well established team of over one hundred employees to the group. And on top of that a rental park. In the future, our customers from a wide range of industries will benefit from an even more powerful complete range in the area of crane and heavy-duty logistics."
Matthias Knaack added: "Being able to continue on the successful path of Knaack in the future as part of the Hüffermann Group enables all employees, partners and customers to be able to meet future challenges in the best possible way."
Founded in 1963, Knaack was one of the first company's in Germany to add a telescopic crane to its fleet, today it runs an All Terrain and truck mounted crane fleet ranging from 30 to 750 tonnes, along with a fleet of industrial pick & carry cranes up to 60 tonnes. It also has a fleet of aerial work platforms and heavy haulage trailers.
Hüffermann was established in 1913 and is based in Wildeshausen, south west of Bremen. It entered the crane market in 1965, today its All Terrain and crawler fleet is topped by a 1,000 tonne crawler, it also includes tower cranes and a larger number of Böcker truck mounts, as well as a fleet of truck mounted platforms, scissor lifts and boom lifts. It has been on the acquisition trail since acquiring ADW in 2018, adding Velsycon that same year, followed by Eisle in 2021 and Thömen last year.