The Fassi Group has acquired more shares in Cranab, giving the Italian company complete ownership of the Swedish forestry group
Bergamo (Italy) – In 2013, Fassi became the part-owner of the Cranab Group and from then on has continued to increase its shares in the enterprise bit by bit. Now that the chairman of Cranab, Mr Hans Eliasson, is retiring after having spent 45 years with the company, the acquisition of his shares has allowed Fassi to become the full shareholder of the group, which includes the subsidiary companies Cranab, Slagkraft, Vimek and Bracke Forest.
Fassi, one of the world's largest manufacturers of cranes for trucks, becomes the majority owner of the Cranab group with the subsidiaries; Vimek, Bracke Forest and Slagkraft, through the acquisition of Z-forestab´s ownership stake in the company. Z-forestab, a jointly owned company by Inlandsinnovation, Mittkapital and Ekonord, has agreed to sell its stake in Cranab group. Cranab manufactures cranes for forestry equipment and is located in Vindeln outside Umeå, Sweden. Fassi is already a shareholder in Cranab group and through this deal Fassi becomes the majority owner.
Skogsnolia the starting gun Cranab has long been renowned on the world market for its harvester and forwarder cranes for forestry machines. Now it's time for the next step and a new product area – truck cranes for forestry and recycling. The first model – the TZ12 – will be unveiled at the Skogsnolia exhibition outside Umeå, Sweden.
Fassi Gru becomes part of the Swedish company Cranab AB together with Z-forest AB, one of the largest investment funds controlled by the Swedish government aimed at the growth of the national industry. The Fassi group at Albino (BG) becomes one of the main shareholders of Cranab AB, a Swedish company manufacturing timber cranes, leader in its sector, founded in 1963 by the brothers Jonsson, Rune and Allan.
Fassi Gru S.p.A. - Loader cranes manufacturer since 1965
Fassi Gru is the market leader among Italian producers. Its product range and sales numbers place it among the top producers of hydraulic cranes in the world.
Fassi’s production potential is approximately 12,000 cranes per year. The entire range is exported and distributed throughout the world through an efficient and widespread distribution network. From Canada to France, from the UK to Australia, Fassi’s professionalism is reflected in the company’s aim to meet different market needs, which are often linked to the specific geographical and economic conditions of individual countries.
