Construction News

26/05/2015

Wolffkran Acquires HTC Plant

Wolffkran has announced the acquisition of HTC Plant.

The £40 million turnover HTC business has been sold to Wolfffkran, who will take on a fleet of over 200 cranes and 370 staff.

Dr. Peter Schiefer, CEO of Wolffkran, said: "The acquisition is a big step for WOLFFKRAN, but a very logical one. It’s totally in line with our global strategy of manufacturing, selling, renting and providing related crane services.

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"With HTC we are taking an experienced and highly motivated management team and an extremely skilled work force on board.

"And the solid UK construction market was just another driver for our decision."

The name of the new company will be HTC Wolffkran.

Dave Holder, Managing Director of HTC, said: "WOLFFKRAN has been the tower crane manufacturer of our choice for decades. Its reliable and state of the art cranes are the ideal fit for our 'be the best' culture."

(LM)

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