Wolffkran ends joint venture in Norway

Photo: Wolffkran

Tower crane manufacturer Wolffkran has ended its joint venture in Norway with Mikkelsen AS.

The company said that despite a successful initial phase since it commenced in 2021, challenges arising from current market conditions had led to an agreement with Mikkelsen to end the partnership from June 2024.

As a result Wolffkran will now hold 100% ownership of Wolffkran Norge AS, which was created as part of the joint venture to provide rental and sales of Wolffkran tower cranes in the country.

Headquartered in Drammen, just outside Oslo, Wolffkran Norge AS will now operate as a wholly-owned subsidiary of Wolffkran, with Frank Kvam continuing in his role as CTO, operations manager and managing director.

Wolffkran Holding CEO Duncan Salt, chairman Sven Jung and managing director Andreas Kahl will all sit on the board of the company.

According to a post on LinkedIn, Wolffkran also intends to expand the company by hiring additional sales representatives and growing its fleet of 17 rental cranes in the country. 

It said that as a subsidiary, the company would be able to “more flexibly and efficiently meet the requirements of the Norwegian construction sector.” 

Duncan Salt, CEO of Wolffkran Holding AG, said, “Establishing a company from scratch in a new market is always a challenge, and without the support of the Mikkelsen Group, these initial steps would not have been possible.

“We thank the entire Mikkelsen family for their support and invaluable expertise in founding Wolffkran Norge AS.”

STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up