Japanese crane manufacturer Tadano has completed its acquisition of the transportation system business of IHI Transport Machinery Co., Ltd., a consolidated subsidiary of IHI Corporation. It says the acquisition marks a strategic milestone in its ongoing effort to expand its product portfolio and enhance value for customers across the globe.
As part of the transaction, a new company named IUK Crane has been established to facilitate the transfer of the subject business. On July 1st, Tadano acquired 100% of IUK Crane’s shares, making it a wholly owned subsidiary. In alignment with Tadano’s strategic direction, the company will be renamed Tadano Infrastructure Solutions Ltd., and Mr. Toshiaki Ujiie, President, CEO, and Representative Director of Tadano Ltd., will also serve concurrently as President of the new subsidiary.
IHI Transport Machinery’s transportation systems business, which has been in existance for over 50 years, includes jib climbing cranes, port and large offshore cranes, wind power cranes, and bulk handling systems. These additions, Tadano says, complement its existing offerings, particularly its lattice boom crawler cranes produced in Germany, and enhance its ability to support customers in industries such as construction, ports and offshore, wind energy, and general industrial applications.
“The completion of this acquisition is a key step in expanding our capabilities in the global lifting equipment market,” said Mr. Ujiie. “By integrating this business into our group, we are better equipped to serve the evolving needs of our customers and deliver long-term value.”
The acquisition cost is approximately 15.3 billion yen (however, the final acquisition cost has not been fixed at this time because the price adjustment based on the share transfer agreement has not been completed).
