KINSHOFER GmbH signed an agreement to acquire Prolec Ltd from James Fisher and Sons plc (LSE:FSJ) on December 15, 2022. Prolec will be consolidated in the Business Area Demolition & Tools. In 2021, Prolec reported net sales of approximately £4 million. The transaction is expected to close in December, 2022.

KINSHOFER GmbH completed the acquisition of Prolec Ltd from James Fisher and Sons plc (LSE:FSJ) on December 15, 2022. Matt Copley and Andrew Riley of BDO acted as financial & tax due diligence provider to KINSHOFER GmbH.