© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Wolffkran acquires HTC Plant
Posted 2nd July 2015

Wolffkran acquires HTC Plant

Tower crane manufacturer Wolffkran has acquired UK rental company and Wolffkran distributor HTC Plant from owner PC Harrington.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Wolffkran acquires HTC Plant
View Biography
Image

View Biography
Image

Tower crane manufacturer Wolffkran has acquired UK rental company and Wolffkran distributor HTC Plant from owner PC Harrington.

The deal, for an undisclosed sum, was signed on 14 May and includes the fleet of more than 200 Wolff tower cranes, mostly luffers, and the 370-strong workforce will be retained, Peter Schiefer, Wolffkran owner told IC.

The acquisition coincides with HTC’s 40th Anniversary as Wolffkran dealer for the UK. HTC Plant has a turnover of more than £40 million (US$ 60 million) and will now be known as HTC Wolffkran Ltd. Others in the running for the acquisition were all investment groups, Schiefer said.

Dave Holder, HTC managing director, said, “Wolffkran has been the tower crane manufacturer of our choice for decades. It’s reliable and state of the art cranes are the ideal fit for our ‘be the best’ culture. Becoming a fully integrated part of the Wolff family fills us with pride and confidence.”

For HTC customers a seamless transition is envisaged and it will be “business as usual.” Development plans include new Wolff tower cranes joining the fleet, both as replacements to update it and also additional units for expansion. Adding the HTC fleet to Wolffkran’s existing rental park extends the total to more than 750 tower cranes.

“Customers will also benefit from a more direct link to the factory, which was already very good, as HTC was already a dealer,” Schiefer said. “There is additional opportunity for sales and we already have contractors enquiring about buying to create their own fleet so that they are self-contained, to some extent, with a certain amount of their own capacity.”

HTC customers are reporting a positive outlook for the UK market over the next few years and for the commercial construction sector in particular, Schiefer said, and around 90% of HTC’s business is in this sector.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Ethical Leadership: The Cornerstone of Trust in Managerial Roles
News
18/03/2024Ethical Leadership: The Cornerstone of Trust in Managerial Roles

Nowadays, ethical leadership has become more than simply a catchphrase; it is the cornerstone around which any organizational structure is based. Prioritizing moral behavior and judgment as a manager has a snowball effect that improves team relationships, upho

Read Full PostRead - Eye Icon
New 3D Approach to Engaging Research
Innovation
12/11/2015New 3D Approach to Engaging Research

A new research tool, Voxter, has been launched in London as an innovative, 3D communication solution for meaningful research.

Read Full PostRead - Eye Icon
Enhancing The Banking Experience Through Personalization
News
20/05/2024Enhancing The Banking Experience Through Personalization

Enhancing The Banking Experience Through Personalization People today seek personalized experiences in all aspects of their lives. Financial services are no exception to this growing trend, as customers increasingly expect specially tailored solutions to be pa

Read Full PostRead - Eye Icon
Connecting Brands with People
Innovation
07/01/2019Connecting Brands with People

RuStyle is an award-winning London-based PR company with an independent full-service public relation, consulting and development agency specialising in leading luxury fashion, jewellery, beauty, lifestyle, health and fitness brands. We caught up with the RuSty

Read Full PostRead - Eye Icon
What Do Companies Look for in their Accountants?
Finance
01/09/2020What Do Companies Look for in their Accountants?

Very few professions are as versatile as that of an accountant. Unlike most skilled workers, including doctors and engineers, the accountant can potentially work in any industry. The ability to work with numbers, or rather make the numbers work for their emplo

Read Full PostRead - Eye Icon
The Best Practice
Leadership
29/09/2016The Best Practice

Based in Houston, Texas, Tumey L.L.P. now has offices in two different locations, with a second office located in the growing area of The Woodlands/North Houston, but what are the secrets behind the firm’s success?

Read Full PostRead - Eye Icon
5 Essentials Of An Effective Equipment Budget
Finance
27/03/20235 Essentials Of An Effective Equipment Budget

Are you a business owner planning to invest in equipment for efficient service and product delivery to your clients? What plans do you have in place to actualize the dream?

Read Full PostRead - Eye Icon
How to Better Navigate Your Team Through a Merger or Acquisition
Leadership
19/07/2022How to Better Navigate Your Team Through a Merger or Acquisition

2021 was a record year for mergers & acquisitions (M&A) activity. In the US alone, M&A accounted for $581 billion. Yet according to the Harvard Business Review, studies repeatedly show that between 70 – 90% of mergers and acquisitions fail. A lack of support

Read Full PostRead - Eye Icon
13 Rules to Trade ETH with Credit Card in 2023
Finance
22/02/202313 Rules to Trade ETH with Credit Card in 2023

Ethereum — the world’s second-largest cryptocurrency — is often traded with a credit card. Today, there are many cryptocurrency exchanges that support credit card payments and there are even a few which specialize in Ethereum.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow