Konecranes Peinemann takeover boosts Dutch presence

The takeover, pending approval from the Dutch competition authority, is expected to complete in Q4 2024, though the financial details remain undisclosed.

“The acquisition of Peinemann’s Port Services and Container Handling businesses will expand our footprint and increase our service presence in Europe’s largest port, where we already have strong customer relationships and a significant fleet of both automated and manual equipment,” said Paolo Dazi, senior vice president, Port Services, Konecranes.

Peinemann is a prominent port services provider in the Netherlands with a diverse customer base and established long-term maintenance relationships with several of Konecranes’ key clients.

Peinemann Container Handling has been a Konecranes Lift Trucks distributor since 2009 and has operated in the sales, renta, and service sector for lift trucks in the Rotterdam area since 1954.

In 2023, the companies reported a turnover of more than €40 million, and around 100 employees are expected to join Konecranes post-acquisition.

“This agreement gives us the chance to further expand our services and equipment offering in the Netherlands and accelerate our plans to transition to battery-powered electric vehicles in a critical market,” said Andreas Falk, senior vice president, Lift Trucks, Konecranes.

Konecranes has confirmed that this acquisition will not alter its existing Lift Trucks distributor model outside the Netherlands.