Konecranes to use Canadian business to move into steel industry

Konecranes moves into Canada
Allanburg, ON, Canada

Konecranes' purchase of a Canadian crane service company will help the Finnish company expand its services into other industries, such as steel and mining.

Provincial Services Crane Specialists sells its products and services to end-users in the steel, mining, power and general manufacturing industries. It specialises in overhead crane inspections, maintenance, repairs, spare parts, modernisation and lifting equipment.

Keith King, president of Konecranes Canada, says Provincial Services' market coverage is complementary to Konecranes. "Provincial Services will provide us with entry to the primary steel industry."

Vp buys Brighton company
Brighton, UK

Vp has purchased Power Tool Supplies (PTS) to expand its Hire Station branch network. Vp paid GBP1.1 million (USD1.71 million) for the outstanding shares of the tool hire business. Vp's Hire Station subsidiary focuses on supplying small tools and specialist equipment for the industrial and construction markets.

Jeremy Pilkington, chairman of Vp, says the purchase of PTS provides Hire Station with a high-quality addition to its branch network.