Whiting Corporation has sold a division to KonecranesKonecranes has acquired the industrial and nuclear crane and crane service operations of privately held Whiting Corporation, strengthening its presence in the strategically important North American market.
Whiting Corporation is a well-recognised, respected player in North America. For over 100 years, Whiting has served a variety of customers including steel mills, automotive plants, fossil fuel plants, metal service centres and hydro-electric and nuclear power plants.
The acquisition will give Konecranes access to a large installed base of Whiting’s cranes, and access to new customers and growth opportunities for its industrial service and equipment business area.
The business being acquired has some 130 employees in seven locations.
“We welcome this talented group of Whiting colleagues to Konecranes and look forward to driving together our new and exciting growth opportunities,” said Bernie D'Ambrosi, SVP Americas for industrial service and equipment at Konecranes.
Financial terms of the acquisition were not revealed.
Konecranes was last in the news on the acquisition front in mid-2022, when it called off its planned merger with Cargotec, following a decision by the UK Competition & Markets Authority to block the union.