Fundz

Hiab to acquire ING Cranes for Brazilian expansion

Nov 26, 2025

Acquiring Company

Hiab

Acquired Company

ING Cranes

HelsinkiBrazilManufacturingManufacturing

Description

Hiab has signed an agreement to acquire ING Cranes, enhancing its presence in the Brazilian market. The acquisition is part of Hiab's growth strategy, aiming to combine global reach with local expertise. This transaction is expected to close in early 2026, subject to customary conditions. The specific transaction value has not been disclosed.

Quick answer

Hiab is acquiring ING Cranes, announced November 26, 2025. Hiab is based in Helsinki, Uusimaa, Finland.

How much did Hiab pay for ING Cranes?
The deal value was not disclosed.
What does Hiab do?
Hiab is a leading provider of smart and sustainable on road load-handling solutions.
Where are Hiab and ING Cranes based?
Hiab is based in Helsinki, Uusimaa, Finland. ING Cranes is based in Brazil.
Who are the decision-makers at Hiab?
Fundz holds 2 contacts at Hiab. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Hiab

Location

Helsinki, Uusimaa, Finland

About

Hiab is a leading provider of smart and sustainable on road load-handling solutions. They are committed to delivering the best customer experience every day with engaged people and partners. Hiab operates globally with a network of 3,000 sales and service locations. In 2024, the company's continuing operations sales totalled approximately EUR 1.6 billion.

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Frequently asked

Who acquired ING Cranes?

ING Cranes was acquired by Hiab, based in Helsinki. The deal was reported on November 26, 2025. Hiab is a leading provider of smart and sustainable on road load-handling solutions. They are committed to delivering the best customer experience every day with engaged people and partners. Hiab is privately held and operates in Manufacturing.

When did Hiab acquire ING Cranes?

Hiab's acquisition of ING Cranes was reported on November 26, 2025. Hiab has signed an agreement to acquire ING Cranes, enhancing its presence in the Brazilian market. The acquisition is part of Hiab's growth strategy, aiming to combine global reach with local expertise. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ING Cranes do?

ING Cranes is a leading Brazilian crane manufacturer that was founded in 2010. The company reported sales of approximately EUR 50 million in 2024 and employs around 250 people. It is privately held, operating in Manufacturing, and is based in Brazil.

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