Sumitomo becomes full owner of HSC Cranes

Hannah Sundermeyer Digital Editor, American Cranes & Transport

17 January 2023

Sumitomo Heavy Industries (SHI) has become 100% owner of Sumitomo Heavy Industries Construction Cranes (HSC) following an agreement to acquire the 34 percent stake owned by Hitachi Construction Machinery (HCM).

SHI, which is the parent company of Link-Belt Cranes, acquired the shares on December 31, 2022.

HCM and SHI merged…

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