The move coincides with HTC’s 40th anniversary as a Wolffkran dealer, with the UK company owning a fleet of more than 200 Wolffkran tower cranes. Following the acquisition, Wolffkran’s global rental fleet will include more than 750 tower cranes.
HTC, which will now be known as HTC Wolffkran Limited, has 370 staff and an annual turnover of more than £40m.
Peter Schiefer, chief executive and owner of Wolffkran, said: "The acquisition is a big step for Wolffkran, but a very logical one. It’s totally in line with our global strategy of manufacturing, selling, renting and providing related crane services. With HTC we are taking an experienced and highly motivated management team and an extremely skilled work force on board. And the solid UK construction market was just another driver for our decision."
Dave Holder, managing director of HTC, said: "Wolffkran has been the tower crane manufacturer of our choice for decades. Its 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."