The E-Crane Group, an Adegem, Belgium-based manufacturer of cranes for handling bulk materials, has acquired the Polish company Famaba, an ISO 9001 certified company with 275 employees and revenues exceeding $20 million.
Famaba will operate as an independent unit within E-Crane Group. E-Crane says its relationship with Famaba has been positive in the past; E-Crane expects the relationship will grow after the acquisition. It is expected that in the short term this will result in a substantial increase in the capacity for assembling harbor cranes in Adegem as well as savings in several logistics processes.
The company also says the acquisition guarantees employment for E-Crane personnel at the Adegem assembly facility. Depending on market conditions, a further expansion is under consideration.
More information is available at www.e-crane.com or 32-93-780-444.
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