Konecranes
Investments
1Portfolio Exits
1Partners & Customers
10Service Providers
1About Konecranes
Konecranes (HEL: KCR1V) is a global group of lifting businesses that serves a broad range of customers, including manufacturing and process industries, shipyards, ports, and terminals. Konecranes provides lifting solutions as well as services for lifting equipment and machine tools of all makes. The company was founded in 1994 and is based in Hyvinkaa, Finland.

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Latest Konecranes News
Jun 1, 2023
Konecranes Oyj Thu, Jun 01, 2023 09:00 CET In Q2 2023, Belgian logistics and transportation company Zuidnatie NV ordered their first Generation 6 Konecranes Gottwald Mobile Harbor Crane for operations in Antwerp, as they continue to build more capacity while lowering emissions and improving energy efficiency. With delivery in Q3, the crane will be assembled on site for commissioning and handover in Q4 2023. As their business grows and the market demands more eco-efficiency throughout the supply chain, Zuidnatie ordered a Generation 6 Konecranes Gottwald Mobile Harbor Crane as an easily adaptable, high-performance hybrid solution at Antwerp, one of Europe’s largest ports for handling both general cargo and containers. “We’ve been using Konecranes Gottwald Mobile Harbor Cranes in logistics for over 25 years. As their mobile harbor cranes are also assembled at our site for delivery to other Konecranes customers, we’ve had the chance to see the new crane up close and gain deeper insight into its technology. This convinced us that the Generation 6 would be the right solution for our own operations,” says Stephanie Feys, CEO of Zuidnatie. “This new crane will be the thirteenth Konecranes Gottwald Mobile Harbor Crane for Zuidnatie. The order underlines the strength of our long and special business partnership and confirms Zuidnatie's confidence in Konecranes,” says Alexandros Stogianidis, Regional Sales Director Benelux, Port Solutions, Konecranes. This order is part of Ecolifting ™, Konecranes’ continuous work to decrease the carbon footprints of our customers. From eco-optimizing diesel drives, to hybridization and fully-electrified fleets, we will continue to do more with less. A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a lifting industry leader. This is underpinned by investments in digitalization and technology, plus our work to make material flows more efficient with solutions that decarbonize the economy and advance circularity and safety. For a concise overview of Konecranes’ business, please click here . More on Konecranes Gottwald mobile harbor cranes can be found here . For a useful glossary of crane and lifting terms, please click here . Further information: Email: robert.vennemann@konecranes.com or phone: +49 211 7102 3119 Konecranes Media Desk Kiira Fröberg, Vice President, Investor Relations, Konecranes Email: kiira.froberg@konecranes.com or phone: +358 20 427 2050 This release can be found on Konecranes.com . Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That’s why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totaled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
Konecranes Investments
1 Investments
Konecranes has made 1 investments. Their latest investment was in MHE-Demag as part of their Corporate Minority on May 5, 2016.

Konecranes Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/29/2016 | Corporate Minority | MHE-Demag | Yes | 1 |
Date | 5/29/2016 |
---|---|
Round | Corporate Minority |
Company | MHE-Demag |
Amount | |
New? | Yes |
Co-Investors | |
Sources | 1 |
Konecranes Portfolio Exits
1 Portfolio Exit
Konecranes has 1 portfolio exit. Their latest portfolio exit was STAHL CraneSystems on December 07, 2016.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/7/2016 | Acquired | 3 |
Date | 12/7/2016 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 3 |
Konecranes Acquisitions
7 Acquisitions
Konecranes acquired 7 companies. Their latest acquisition was Whiting - Industrial And Nuclear Crane and Crane Service Operations on April 04, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
4/4/2023 | Acquired Unit | 1 | ||||
12/5/2019 | Other | |||||
8/15/2019 | ||||||
8/8/2016 | ||||||
6/8/2012 |
Date | 4/4/2023 | 12/5/2019 | 8/15/2019 | 8/8/2016 | 6/8/2012 |
---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 1 |
Konecranes Partners & Customers
10 Partners and customers
Konecranes has 10 strategic partners and customers. Konecranes recently partnered with Larsen & Toubro on January 1, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/20/2023 | Licensee | India | Konecranes and Larsen & Toubro , a large Indian multinational company , have signed a licensing agreement for the manufacturing and distribution of Konecranes port cranes in India , expanding Konecranes ' footprint in this dynamic market . | 2 | |
10/5/2022 | Client | United Arab Emirates | Konecranes to deliver DP World Antwerp upgrades for Automated Stacking Cranes. `` Konecranes has a strong relationship with World . | 1 | |
10/1/2022 | Partner | Finland | Konecranes partners with Pesmel to supply automated warehouse container handling systems Konecranes partners with Pesmel to supply automated warehouse container handling systems . | 1 | |
8/30/2022 | Client | ||||
1/18/2022 | Partner |
Date | 1/20/2023 | 10/5/2022 | 10/1/2022 | 8/30/2022 | 1/18/2022 |
---|---|---|---|---|---|
Type | Licensee | Client | Partner | Client | Partner |
Business Partner | |||||
Country | India | United Arab Emirates | Finland | ||
News Snippet | Konecranes and Larsen & Toubro , a large Indian multinational company , have signed a licensing agreement for the manufacturing and distribution of Konecranes port cranes in India , expanding Konecranes ' footprint in this dynamic market . | Konecranes to deliver DP World Antwerp upgrades for Automated Stacking Cranes. `` Konecranes has a strong relationship with World . | Konecranes partners with Pesmel to supply automated warehouse container handling systems Konecranes partners with Pesmel to supply automated warehouse container handling systems . | ||
Sources | 2 | 1 | 1 |
Konecranes Service Providers
1 Service Provider
Konecranes has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired Unit | Investment Bank | Financial Advisor |
Service Provider | |
---|---|
Associated Rounds | Acquired Unit |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
Konecranes Team
9 Team Members
Konecranes has 9 team members, including former Chief Executive Officer, Managing Director, Jürgen Dlugi.
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