SECTOR REPORT Ӏ LOADER CRANES
oncoming traffic lane; Slewing Lock is used to define pivot angles and arcs; Folding Assist enables operator to semi-automatically find the exact position to fold the crane – minimising time and potential damage; and Boom Release Assist automatically ensures that the knuckle boom is always pre- tensioned before the main boom can be moved. Palfinger, too, is celebrating an
anniversary: June 4, 2024, marked the company’s 25th anniversary on the Vienna Stock Exchange. “The IPO (initial public offering) made it possible to expand the financing base and achieve our strategic goals,” says Andreas Klauser, CEO of Palfinger AG. “Access to capital markets has significantly supported growth.” Since the IPO, the company
says revenue has increased tenfold from EUR 243 million to EUR 2.45 billion, while share prices have more than quadrupled with a price of EUR 5.25. In 2023 the company achieved record revenue of EUR 2.45 billion. Palfinger is investing some
of its profits in strengthening its customer service capabilities by
Fassi at Fahrzeugbau’s HQ
opening new premises. In March it announced the opening of a new site in Perth, Western Australia focused on the marine segment. Palfinger says it chose Perth as the location for the new office due to the presence of major companies in both the offshore and oil and gas industries in the region.
And in October Palfinger UK announced the signing of a long-term lease for a new Service Centre near London. The centre is strategically located to serve businesses in central and greater London. The 13,090 sq. ft service centre will complement Palfinger UK’s existing workshops in Devizes, Bradford, Falkirk and Leicester, further bolstering its sales, service, parts and training offerings. Operational features of the new
facility include eight dedicated workshop bays (with an overhead crane), secure yard space with crane testing facilities, plus office and meeting spaces. "Adding our new London service
centre is an exciting investment which represents a significant milestone in Palfinger UK’s ongoing
commitment to representing the Palfinger brand, and deliver world- class support to our customers," said Stuart Todd, managing director of Palfinger UK. "Our senior leadership team has been working hard to bring this project to fruition for some time, and this step provides a long-awaited presence in this key location. "As the official UK dealer of
Palfinger cranes, this strengthens our ability to offer both existing and prospective customers, enhanced after-sale services, as well as improved access to our renowned sales, technical, parts and training portfolios. It will allow us to better meet the needs of more businesses across the region."
CONSOLIDATING LEADERSHIP Also enjoying expansion is Albino, Bergamo-headquartered crane manufacturer Fassi Gru. The company’s latest acquisition, in June, was Bavaria Fahrzeugbau – a provider of customer-specific body solutions for commercial vehicles. Bavaria Fahrzeugbau is
headquartered in Wendelstein, Germany, and employs around 130 people across four
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