Konecranes has acquired 100% of the shares in port crane service and modernization company Techniplus SARL in Morocco which has 120 employees and net sales of EUR 7 million (2009) (USD 9.7 million). The value of the acquisition has not been disclosed.

Mr Pierre Boyer senior vice president of Konecranes said that “Morocco is a country with a good business environment and a rapidly developing economy, and Techniplus is well known and respected in Morocco for its technical capabilities. Through the acquisition Konecranes will also be able to offer the whole Konecranes product range to the Moroccan market.”

Techniplus is a family owned company founded in 1991. Techniplus' headquarters are in Casablanca and it has service branches in Agadir and Tanger with activities in other ports. The personnel and top management will continue working for the company. Before the acquisition Techniplus was the distributor of Konecranes' lift trucks and port equipment in Morocco.

Techniplus will be consolidated into Konecranes from the beginning of October 2010 and is Konecranes' first acquisition in North Africa.

(Sourced from www.heavyliftpfi.com)