Palfinger Closes Acquisition of Russian Inman

IndustrialsIndustrial Goods ♦ Published: August 26, 2011; 17:50 ♦ (Vindobona)

The Austrian crane producer completed the takeover of its Russian competitor. The deal is regarded as an important step in the company’s growth strategy in the CIS area.

Palfinger Closes Acquisition of Russian Inman / Picture: © Palfinger

After obtaining the approval of the Federal Antimonopoly Service of the Russian Federation (FAS) the Palfinger Group closed the complete takeover of Russian crane producer Inman (Ischimbajskie Neftianiye Manipuliatory). Inman is a major supplier to the Russian market and operates two production facilities.

In addition, the company with its headquarters in Ishimbay in the Republic…