Konecranes acquires BM

News Story
- 22 Jul 2010 ( #471 ) - Hyvinkää, Finland
1 min read
Konecranes will deliver a single boom shipyard crane to L&T's new shipyard at Kattupalli.
Konecranes will deliver a single boom shipyard crane to L&T's new shipyard at Kattupalli.
Konecranes has acquired service company Bouyer Manutention (BM) based in Tours, France.

Jean-Maxime Guhur, director of Konecranes (France) SA, says BM's large contract base and strong knowledge of and relationship to the nuclear industry will strengthen the group's position in France.

BM, a family-owned company, was established in 1988. Its competencies include mechanical and electrical maintenance, and modernisation of overhead cranes and machine tools. The company employs 38 people and its 2009 net sales was about EUR5 million. Its customers are in the nuclear, automotive, steel and food industries. It has service branches in Chinon, Le Mans, Orléans and Poitiers.

The value of the acquisition is not disclosed.

BM will be consolidated into Konecranes' books in the third quarter of 2010. Konecranes bought 100% of BM's shares through the holding company Bouyer GCP.

Separately, Konecranes has received an order for a single boom shipyard crane from Larsen & Toubro (L&T) Shipbuilding, India. The crane will be delivered to L&T's new shipyard at Kattupalli near Ennore Port in Chennai. Konecranes' general manager for shipyard cranes, Timo Valkonen, believes the delivery will boost the company's position as a crane supplier to shipyards in India.
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