KCI Konecranes acquires SMV

News Story
- 9 Sep 2004 ( #174 ) - MARKARYD, Sweden
1 min read
KCI Konecranes, a world leader in advanced overhead lifting solutions, has acquired the privately-owned reach stacker and forklift manufacturer, SMV Lifttrucks AB.

A statement issued yesterday said the acquisition price would be between SEK180 million (USD24 million) and SEK220 million (USD29.4 million).

The acquisition was subject to regulatory approval and should be completed by the end of the year, according to KCI Konecranes special cranes president Mikko Uhari.

"SMV's product portfolio is complementary to KCI Konecranes', and extends our total product range," he said.

"The reach stacker and lift trucks (lines) constitute a natural addition to our existing container handling equipment range, consisting of ship-to-shore cranes, rubber-tyred and rail-mounted gantry cranes.

"This enables us to position ourselves as a complete solution provider in harbours, intermodal terminals and in the shipping industry."

SMV managing director KG Salomonsson told Forkliftaction.com News the acquisition created a "perfect fit".

"There is a perfect fit between the product portfolio of SMV and Konecranes and, with the extended range, we can now together cover the entire logistics chain in harbours, intermodal terminals and the shipping industry," he said.

SMV was founded in 1947 and last year the company recorded SEK374 million (USD49.9 million) in net sales. The company manufactures reach stackers and forklifts from 10-60 tons (9-54 tonnes), and is currently owned by management and a private investor.

SMV's main markets are Europe, Asia, Australia, South America, the Middle East and Africa.

The 85 staff and SMV production plant in Markaryd, Sweden, would be incorporated into KCI Konecranes' Special Cranes division, which accounts for 24 per cent of the group's total sales.
Briefs
Briefs 26 Jun 2025 - 1 min read
Noblelift moves to acquire Canadian distributor
Noblelift moves to acquire Canadian distributor 26 Jun 2025 - Quebec, Canada - 1 min read
Bolzoni acquires specialist equipment manufacturer
Bolzoni acquires specialist equipment manufacturer 29 May 2025 - Piacenza, Italy - 1 min read
Previously about:
TOC Europe wraps up News Story - 3 Jul 2025 - Rotterdam, Netherlands - 1 min read
Bangladeshi depot orders electric empty container handlers News Story - 26 Jun 2025 - Chittagong, Bangladesh - 1 min read
Konecranes launches e-hybrid RTG News Story - 19 Jun 2025 - Rotterdam, Netherlands - 1 min read
Briggs expands short-term fleet News Story - 14 Aug 2008 - Midlands, United Kingdom - 2 min read
Konecranes launches new name News Story - 7 Sep 2006 - HYVINKÄÄ, Finland - 1 min read
Pharmaceutical group buys Nissan importer News Story - 11 May 2006 - SYDNEY, Australia - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Tailift Material Handling Taiwan Co.,Ltd.
Focused simply for the new era.

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading

PREMIUM business

Hangzhou Manforce Material Handling Equipment Co., Ltd
Specializing in Nichi and conventional forklift products, we create significant value for all our partners!

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!