Tadano completes IHI transport acquisition

Tadano Ltd has completed the previously announced acquisition of IHI Transport Machinery Co., Ltd., the manufacturer of jib climbing cranes, port and large offshore cranes, wind power cranes and bulk handling systems. The purchase price was Yen15.3 billion (€91 million).

The acquired business will be called Tadano Infrastructure Solutions Ltd and Toshiaki Ujiie, president, CEO, and representative director of Tadano, will serve concurrently as president of the new subsidiary.

“Completion of this acquisition is a key step in expanding our capabilities in the global lifting equipment market,” said 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.”