Pallfinger is a leader in hydraulic lifting systems

The Palfinger Group has agreed to buy 100% of the shares in Herkules Harding Holding AS and, thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules.

Harding is one of the leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Through this acquisition, Palfinger will add new products and an international service network to its marine business. The final closing of this acquisition of Harding by Palfinger is contingent on the approval of the authorities. Both parties agreed not to disclose the purchase price.

Harding is headquartered in Seimsfoss, Norway, and, with its comprehensive service network, maintains operations in 16 countries around the world. Harding has around 800 employees.

This is the largest acquisition carried out in the history of the Palfinger Group.

Established in 1932, Palfinger has for many years been among the leading international manufacturers of hydraulic lifting systems in a line of commercial vehicles and in the maritime field. As a multinational company with its headquarters in Salzburg, Austria, Palfinger has manufacturing and assembly sites in Europe, in North and South America and Asia as well as over 5,000 sales and service centres located in over 130 countries across five continents.