© Copyright Acquisition International 2025 - 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
Getting Your Business Transactions Ready: Implementing a Legal Risk Framework
Finance
04/11/2024Getting Your Business Transactions Ready: Implementing a Legal Risk Framework

As a business leader preparing for a potential acquisition or sale, it’s crucial to ensure your company is transaction-ready.

Read Full PostRead - Eye Icon
Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC
Strategy
17/03/2015Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC

TUC General Secretary spoke about new minimum wage rates.

Read Full PostRead - Eye Icon
Fashion Startup: How to Market Your Brand and Acquire Customers
News
19/02/2024Fashion Startup: How to Market Your Brand and Acquire Customers

Starting a fashion brand in today’s competitive market requires more than just a keen eye for style. With countless emerging designers and established brands vying for attention, effective marketing strategies are essential for standing out and acquiring

Read Full PostRead - Eye Icon
How to Manage Inventory in Your Laboratory (and Why it’s So Important)
News
01/06/2022How to Manage Inventory in Your Laboratory (and Why it’s So Important)

In a laboratory setting, inventory management is a crucial, albeit boring process. You need to be aware of stock on-hand, inventory available for purchase, and all of the equipment, consumables, supplies, reagents, and other critical assets that are housed in

Read Full PostRead - Eye Icon
AI’s Place in the Boardroom: Creating An Effective AI Framework for Staff
Innovation
04/09/2023AI’s Place in the Boardroom: Creating An Effective AI Framework for Staff

The rise of artificial intelligence (AI) has become a hot topic in the world of corporate governance. Traditionally strategic decision-making was the domain of human decision-makers, but with the integration of AI technologies, we’re now starting to see gove

Read Full PostRead - Eye Icon
Forget GameStop, gamification is the real investing revolution
Strategy
05/03/2021Forget GameStop, gamification is the real investing revolution

The impact on the financial world was sensationally underlined in the US, when a swathe of retail investors sought to bring down eminent hedge funds by bidding up the beleaguered GameStop stock. Behind the David and Goliath headlines, are some trends that the

Read Full PostRead - Eye Icon
Autumn Statement 2016 – UKCloud Welcomes Digital Infrastructure Investment
Strategy
23/11/2016Autumn Statement 2016 – UKCloud Welcomes Digital Infrastructure Investment

Today, the Chancellor Philip Hammond has outlined his priorities for taxes and spending in the wake of the UK's vote to leave in the EU in his Autumn Statement. Notably for the technology sector, more than £1bn will be allocated to supporting digital infrastr

Read Full PostRead - Eye Icon
Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024
Innovation
09/05/2024Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024

Boomi™, the intelligent integration and automation leader, today unveiled its vision for the company’s future, along with strategic acquisitions and key product announcements at Boomi World 2024. With more than 20,000 global customers and a network of

Read Full PostRead - Eye Icon
The Pros and Cons of Investing in Gold
Finance
12/08/2022The Pros and Cons of Investing in Gold

Amongst increasing living costs and high levels of inflation, one of the last things on our minds might be investing in gold. However, there are some pretty convincing reasons as to why you should. Capable of transforming Victoria in the gold rush, gold manage



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 a number of 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