In mid-August this year, the E-Crane® Group of Companies, a major manufacturer of cranes for handling bulk materials, announced that it had succeeded in the acquisition of the Polish company ‘Famaba’, an ISO9001-certified company with 275 employees and revenues exceeding US$20 million/€16 million in the year 2011.
Another milestone in E-Crane’s ambitious business plan has been reached.
With this acquisition, E-Crane® fully owns a strategic supplier of high grade steel constructions for the crane industry while at the same time, Famaba stays an important European player in the market for foundations and towers for wind turbines.
Within the E-Crane® Group, Famaba will be operating as a fully independent unit. The already excellent co-operation between the E-Crane® organization and Famaba will be optimized and intensified. It is expected that in the short term this will result in a substantial increase in the capacity for assembling harbour cranes in Adegem (Belgium) as well as important savings in several logistics processes.
This acquisition guarantees employment for E-Crane® personnel at the Adegem assembly facility. Depending on market conditions, a further expansion is under consideration. The board and management of the E-Crane® Group of Companies stay committed to keeping and even increasing employment at the Adegem facility as well as at the Dutch and US-based subsidiaries despite the tough economic conditions.