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Hiab Completes Acquisition of Brazilian Crane Manufacturer ING Cranes

Munich, Germany, January 7, 2026 - The heavy lifting sector in Brazil just got a major new player. Hiab, a leading global provider of on-road load-handling solutions, today announced the successful completion of its acquisition of ING Cranes, a prominent Brazilian crane manufacturer. This is a strategic maneuver set to significantly enhance Hiab’s presence in Brazil and reshape its portfolio in one of Latin America's key industrial markets. The question is, how will this consolidation impact a market already buzzing with activity? The acquisition, initially announced on November 26, 2025, brings ING Cranes' estimated 2024 sales of approximately EUR 50 million under Hiab's financial reporting, starting in the first quarter of 2026. While the transaction value...

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