Wolffkran acquires Czech rental company

9 March 2021

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Tower crane manufacturer Wolffkran has acquired Czech crane rental company Konstruktiva Lokus.

The Prague-based company, founded in 1929, has a fleet of around 120 tower cranes, largely consisting of Wolff cranes. The two companies have a long-standing relationship, as Konstruktiva Lokus has been renting and selling Wolff cranes to local customers as well as companies in Slovakia, Germany and Poland for almost three decades. The acquisition was further preceded by a collaboration with Wolffkran Austria.

Duncan Salt, CEO of the Wolffkran Group, commented on the acquisition: “Konstruktiva Lokus is a key player in the Czech Republic that has been connected to Wolffkran for many years. The perfect partner to open the door to the dynamic eastern markets in Central Europe.”

Jan Drastík, chairman of the management board of Konstruktiva Lokus highlighted the huge potential of the Czech market. "The Czech Republic, and the greater Prague area in particular, is currently seeing a lot of residential and commercial construction, but we are also receiving inquiries for larger projects, including a dam. Under the umbrella of Wolffkran, we will expand and rejuvenate our rental fleet accordingly.”

Jirí Rezác, member of Konstruktiva Lokus’s management board, expects a rise in demand for higher capacity cranes in the coming years and said that being part of the Wolffkran group will help the company meet this trend.

The acquisition by the manufacturer is well-timed for the rental company, employing around 60 people, as three of its five shareholders recently withdrew from the business.

“Our aim is to continue to grow and we therefore did not want to rely on only a financial investor. As a Wolffkran Group company, we can draw on the necessary capital as well as the know-how and a state-of-the-art rental fleet to take our business forward into a successful future,” Rezác added.