Fassi acquires full ownership of Cranab5 December 2017 by Sotiris Kanaris
The Italian crane manufacturer Fassi has acquired full ownership of Cranab Group, based in Vindeln, Sweden.
Cranab Group consists of the companies Cranab, which manufactures cranes and grass and brushwood clearing machines; Vimek, which manufactures small forest machines; and Bracke Forest, which manufactures scarifiers, planting machines, and felling heads.
Fassi acquired part-ownership of Cranab Group in 2013 and has since then increased its ownership in the company step by step and, with the acquisition of Hans Eliasson´s shares, has now become the full owner.
Giovanni Fassi, CEO of the Fassi Group said: “Our ambition is to develop Cranab to become a crane supplier with a wider product range, in which truck-mounted timber and recycling cranes become new products. The continuous development of off-road cranes for forest machines will further improve Cranab´s already strong position. With Slagkraft, Vimek and Bracke Forest we will fulfil the ambitious development plans we already have.”
Hans Eliasson leaves his position as chairman of the Cranab Group to Giovanni Fassi. “I have had a long and exciting journey with Cranab over the last 45 years. My definite opinion is that Cranab will have great opportunities in the future under Fassi ownership. Fassi´s ambitions are that Cranab will develop, produce and sell cranes that support and complement Fassi’s successful existing product range of cranes for cargo handling,” Eliasson said.