28.11.2003

Effer Holding merges operations

An agreement between Effer Holding SpA and subsidiaries, Effer SpA and Hydrom Srl will see the assets of the latter companies merged into Effer Holding SpA effective from January 1, 2004. Effer Holding SpA is also the holding company of the Effer knuckle boom and Bizzochi aerial work platform brand names.

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Effer now claims that its 140 tonne metre 1750 is the most powerful knuckle boom on the market.

The move was agreed at a recent meeting between the three company’s board of directors, where Giancarlo Monti, chairman of Effer Holding SpA, also reported that sales in the group’s articulating knuckle boom crane sector in the 2003 fiscal year improved by 2 per cent compared with 2002. “This tops a sales increase of plus 4 per cent during the 2001/2 period that goes opposite to the market trend,” said Monti. “The most reliable sources predicted and confirmed a general slowdown for this industry, ranging from 10 to 20 per cent below last year’s mark.”

The increase in Effer’s knuckle boom crane sales was attributed to a sales increase in the 10 to 50 tonne metre market sector.

The launch of four altogether new knuckle boom models at the recent SIAE exhibition in Bologna, Italy puts the company’s tally up to a total of ten new models introduced in the 15 to 140 tonne metre range in the last 18 months - the 140 tonne metre 1750 being the most powerful knuckle boom on the market according to Effer.