Palfinger Strengthens its Market Presence in South America

Industrials › Industrial Goods ♦ Published: September 20, 2012; 17:22 ♦ (Vindobona)

Through the acquisition of Tercek, the Austrian crane manufacturer expandts into Brazil. Regional presence and market growth offer opportunities of strategic interest, Palfinger notes.

Palfinger Strengthens its Market Presence in South America / Picture: © Palfinger

The PALFINGER Group is strengthening its market presence in South America and has agreed to take over a 100 per cent share in Tercek Usinagem de Precisão Ltda., headquartered in Caxias do Sul, Brazil. Tercek produces metal components and develops electric-powered bus lifts under the brand name Líbero. The company was looking for a strong partner so as to be able to fund market…

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