Cranab manufactures cranes for forestry equipment and is located in Vindeln Sweden. Forestry machine manufacturers Vimek, Bracke Forest and Slagkraft are subsidiaries of the group.
Hans Eliasson, chairman, Cranab group, says: “Fassi has been a shareholder in Cranab for three years and has already contributed significantly to the growth of the company. They operate on a wide international market, and the deal will give us additional growth and new business opportunities. Z-forestab has over the years played a significant role in the strengthening of the industrial cluster around Cranab group and we look forward to an even stronger cooperation with Fassi.”
“We see the joint development of a new crane product line as an important contributor of future growth in the on-road crane segment. Also, Cranab’s focus on the forestry industry, is a very good complement and an excellent market opportunity to be combined with the other product lines Fassi holds,” says Giovanni Fassi CEO, Fassi Group.