Cargotec Strengthens its Presence in Australia

Hiab, the business area providing load handling solutions within Cargotec, has made an agreement to acquire the majority of its Australian importer BG Crane Pty. Ltd., a leading distributor and service provider for load handling customers in Australia. Hiab owned previously 30 percent of BG Crane. The parties have agreed not to disclose the transaction value. The current main owner, Bob Davis, continues as Managing Director.