Konecranes acquires Morris

News Story
- 13 Jan 2005 ( #191 ) - LOUGHBOROUGH, United Kingdom
1 min read
KCI Konecranes has paid GBP8.5 million (EUR12.1 million) to purchase Morris Material Handling Ltd (MMH), a leading UK crane and hoist manufacturer with a brand name dating back to 1884.

Headquartered in Loughborough, in the East Midlands of the UK, MMH has 16 service branches in the UK and a distributor network in Europe, the Middle East and the Far East.

MMH's products include electric overhead travelling cranes, monorail and chain hoists and crane maintenance services. Last financial year, MMH had sales of GBP25 million (EUR38 million).

KCI Konecranes executive vice-president Pekka Lundmark said: "MMH and KCI Konecranes' UK maintenance organisation, Lloyds Konecranes [formerly Lloyds British Ltd], are old sister companies, with decades of joint history. The two companies are therefore uniquely positioned to exploit considerable synergies."

MMH managing director Steve Davis said the company had planned to join a larger company.

"To fulfil the potential of MMH we have always considered it necessary for the company to be a member of a larger group dedicated to the manufacture of cranes and the provision of aftermarket services," he said.

"MMH will benefit from access to the KCI Konecranes Group to accelerate the technical advancement of its product offering and increase its market penetration, providing long-term benefits to customers, suppliers and employees."
Hamburg, Germany Jungheinrich has announced the acquisition of Indiana-based Storage Solutions group, a leading provider of racking and warehouse automation solutions, to gain enhanced access to the attractive US warehousing and...
Albion, MI, United States Caster Concepts has announced a 16,000 sqft. (1,500 sqm) USD2 million expansion at its headquarters in Central Michigan. The expansion will accommodate a larger engineering department, additional floor space...

In the Virtual Expo

ProMat 2023
Touch the future at ProMat 2023. With keynotes, networking, education, and product booths, ProMat is where manufacturing and supply chain innovation comes to life. Visit promatshow.com today.

Next Editorial Features

SMART ATTACHMENTS - Mar 2023
DRIVERLESS/AUTOMATED MATERIALS HANDLING - Apr 2023

Latest Jobs

Le Mars, IA, United States
Melbourne, Australia
Sioux Falls, SD, United States
Ghent, Kentucky, United States
Packaging Innovations & Empack, Featuring Contract Pack & Fulfilment, will be held at the NEC Birmingham on 15 & 16 February, 2023, and is free for attendees.
“…I'm happy to report that we recently appointed an ideal candidate who found us via the Forkliftaction ad. This speaks volumes from my point of view.” - Hamish Clark, President...

Movers & Shakers

senior marketing manager
Tompkins Robotics, United States
chief digital officer
Wiferion, Germany
director of dealer development
Toyota Material Handling, United States
director of national accounts
Toyota Material Handling, United States
Ingleby Barwick, United Kingdom Miller Homes has painted a forklift pink to raise awareness and money for three popular charities. The builder’s Teesside team has nominated British Heart Foundation, Cancer Research and Great...
Neede, Netherlands Magazino has secured an order from Schuurman Schoenen for its TORU mobile picking robot. The Dutch company, known for offering a wide range of shoes, will use the robots...

Latest Jobs

Lexington, United States
Melbourne, Australia
Lincoln, NE, United States
Le Mars, IA, United States