Cavotec makes US acquisition2 December 2002
Crane power supply specialist Cavotec Group has acquired Gantrex Corporation, a supplier of crane rail fastening systems, with headquarters in Pittsburgh, USA and production facilities near Toronto, Canada.
Gantrex, established 25 years ago, has 10 sales offices in North America and seven in Latin America. It had been a subsidiary of RailWorks for three years. Cavotec is a leader in the field of power supply and crane technology, with eight worldwide manufacturing centres and 22 sales companies on five continents.
Customers include container terminals, crane manufacturers, and mining and tunnelling operations.
Cavotec said that this acquisition expanded its presence both in North and South America, and adds a new core product to its range. Gantrex USA and Gantrex Canada will be led by Christian Bernadotte.