Palfinger Group has acquired all the shares of its Danish dealer

The Palfinger Group has acquired all the shares of its Danish dealer, Palfinger Danmark AS, with immediate effect. The purchase agreement includes the further employment of all staff members and the continuation of the whole sales and service network.

The former sole owner, Stiholt Holding A/S, will focus on its core business of sales and service of transport equipment and the manufacture of spare parts for automobile and motor cycle brakes.

The Palfinger Danmark leadership, led by CEO Jens Kristoffersen, will continue to manage the company.

"This takeover secures a long-term, stable ownership structure in an important market for Palfinger," according to a company statement.

Palfinger Danmark, which has imported and distributed PALFINGER cranes for more than 20 years, employs around 20 staff at two locations and distributes primarily truck-mounted loader cranes, timber and recycling cranes, and hooklifts.

Denmark is a highly developed market for lifting and loading equipment with stable growth rates expected in the future, the company adds.

As a multinational group headquartered in Bergheim near Salzburg, the Palfinger Group, which has around 8,995 employees, has production and assembly facilities in Europe, North and South America, and Asia.