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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
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Mergers - Acquisitions - Takeovers 
 
Bergheim - 
Zwtl.: Yesterday, PALFINGER has signed a contract to acquire Hinz Försäljnings 
AB. The acquisition of PALFINGER's second largest global independent 
distribution partner headquartered in Sweden strengthens its presence as an 
Austrian technology and mechanical engineering company in Sweden's core market. 
 
 
With its 5 service points, 45 service partners, 71 employees and sales (2019) of 
about EUR 44.0 Mio., Hinz Försäljnings AB is PALFINGER's most important Swedish 
sales partner. In the Northern European core market, the company sells a major 
part of PALFINGER's product range, including naval cranes and services. In 46 
years of collaboration, Hinz AB, founded in 1973 by Bertil Hinz, has sold more 
than 11,000 PALFINGER and EPSILON cranes in Sweden. 
 
100-Percent Acquisition 
This acquisition begins a new kind of collaboration. Based on the successful, 
long-standing and trusting relationship they have had, the owners of PALFINGER 
decided to make an offer to purchase the company. The transaction is for 100 
percent ownership of the company Hinz Försäljnings AB, which belongs entirely to 
Hinz Holding AB. Magnus Hinz and Magnus Rosberg will remain and continue in 
their roles as Sales Manager and Managing Director. Non-disclosure of the 
purchase price has been agreed to. The contract of sale shall go into effect in 
the coming weeks once conditions and terms currently being determined are 
fulfilled. 
 
A Secured Future 
This purchase ensures the continued existence of Hinz Försäljnings AB, the 
second-largest independent dealer in the worldwide PALFINGER distribution 
network, in its entirety and with all employees at all locations. "The new 
ownership structure guarantees that Hinz Försäljnings AB, as the most important 
player in the Swedish market, remains the same and has a future," says Magnus 
Hinz. 
 
Excellent Sales Structure 
With this acquisition, PALFINGER secures an excellent sales and service 
structure, proximity to local customers and the essential contacts with Swedish 
truck manufacturers and original equipment manufacturers (OEMs). This is one 
important part of further strengthening the PALFINGER distribution network. 
"Acquiring our long-standing partner is a vital step towards providing our 
Scandinavian customers with even more intensive and comprehensive support - 
keeping in line with our brand promise: Creating value and growing together," 
explains PALFINGER CEO Andreas Klauser. The contract for the takeover was signed 
on the 30th November 2020 in Borlänge. 
 
 
 
 
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ABOUT PALFINGER AG 
The international mechanical engineering firm of PALFINGER is the global leader 
for innovative crane and lifting solutions. With a workforce of approximately 
11,000, 35 manufacturing sites and a worldwide network of dealerships and 
maintenance centers at over 5,000 locations, PALFINGER is always close to the 
customer. 
 
As the leader in its engineering field, the company aims to ensure its partners' 
business success in the long term by providing solutions and products that 
remain economically and ecologically viable in the future. Its broad product and 
model portfolio allows PALFINGER to take digitalization and the deployment of 
artificial intelligence to new levels. 
 
As a global company with strong roots in its home region, PALFINGER is convinced 
that thinking and acting in the interests of sustainability plays a vital role 
in successful business operations. This is why the company assumes social, 
ecological and economic responsibility along the entire value chain. 
 
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2019 
achieved record revenue of EUR 1.75 billion. 
 
 
 
 
Further inquiry note: 
Hannes Roither | Company Spokesperson | PALFINGER AG 
T +43 662 2281-81100 | h.roither@palfinger.com 
 
Texts and accompanying images are available in the "News" section of 
www.palfinger.ag, www.palfinger.com. 
 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

December 01, 2020 02:00 ET (07:00 GMT)