It is reported that Konecranes has acquired the business of the Canadian crane and crane service company Provincial Services Crane Specialists.

Konecranes acquired the assets from the owner, who will remain with the company for a transitional period. The company has 20 employees and net sales of approximately EUR 4 million. The value of the acquisition was not disclosed.

Provincial Services Crane Specialists was founded in 1980 and is today a recognized name in the Canadian lifting market. It is specialized in overhead crane inspection, maintenance, repair, spare parts, modernization and lifting equipment.

It sells its products and services directly to end users in the steel, mining, power and general manufacturing industries. Through the acquisition, Konecranes will be able to expand its Canadian operations in these industries.

Mr Keith King president of Konecranes Canada Inc said that "The market coverage of Provincial Services is quite complementary to ours. Provincial Services will help to provide us with entry to the primary steel industry along with their specific knowledge of this industry, close relationships and Konecranes technologies."