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 remains undisclosed, the intent is clear: to leverage ING Cranes’ established local expertise and product range.

Hiab is a global entity with operations in over 100 countries and 2024 sales totaling approximately EUR 1.6 billion, is known for its smart and sustainable solutions, including loader cranes, demountables, and truck-mounted forklifts.

Marcel Boxem, VP Sales & Product Management for Hiab Loader Cranes, emphasized the strategic fit. “We are very pleased to welcome ING Cranes as part of Hiab. ING Cranes complements Hiab’s current brand portfolio of loader cranes in Brazil.”

This means Hiab can now offer a “comprehensive range of loader cranes from light to heavy-duty,” solidifying its position as a preferred solution provider for the Brazilian agriculture, rental, construction, and transportation industries. It’s a calculated move to provide a one-stop-shop for diverse industrial needs.

Horacio Bregoli, CEO of ING Cranes, expressed enthusiasm for joining Hiab, seeing it as an “opportunity for growth and innovation” and a chance to “join Hiab’s journey in shaping the future of this industry.” This indicates a shared vision for advancement, blending ING Cranes’ local manufacturing prowess with Hiab’s global reach and commitment to cutting-edge solutions.

The acquisition reflects a broader trend of global companies seeking to deepen their footprint in high-growth markets. By integrating ING Cranes, Hiab aims not just for market share, but for segment dominance. This isn’t merely about selling more cranes; it’s about becoming an indispensable partner across critical industries in Brazil.

Will this newly expanded entity truly deliver the “best customer experience” and “most engaged people and partners” that Hiab pledges, or will it be a test of integrating diverse corporate cultures under one umbrella? The coming quarters will certainly reveal the strategic genius, or the challenges, of this significant Brazilian venture.