HIAB acquires ING Cranes

Hiab, a prominent manufacturer of load-handling solutions, has completed the acquisition of Brazilian firm ING Cranes. The deal, initially announced in November 2025, is pivotal for Hiab's strategy to strengthen its foothold in Brazil's growing crane market. The acquisition will come into effect in Hiab’s financial disclosures from the first quarter of 2026, while the financial specifics of the deal remain undisclosed.

ING Cranes, which reported sales of approximately EUR 50 million in 2024, enhances Hiab’s existing portfolio of loader cranes in Brazil. The acquisition complements Hiab's offerings in the region, enabling the company to provide a comprehensive range of light to heavy-duty cranes. This expansion is crucial as Hiab seeks to solidify its stature as a leading provider of solutions tailored for the Brazilian agriculture, rental, construction, and transportation sectors.

The strategic move underscores Hiab's commitment to enhancing its market share and product diversity in key global markets. According to Hiab's Vice President of Sales & Product Management for Loader Cranes, the integration of ING Cranes into Hiab’s portfolio will further their mission to be a preferred provider of diverse crane solutions. Meanwhile, ING Cranes' CEO expressed enthusiasm about joining Hiab, highlighting the new opportunities for growth and innovation that the acquisition presents.

In the broader context of the manufacturing sector, Hiab's acquisition of ING Cranes reflects a trend towards consolidation, as companies strive for efficiency through expanded geographical and product coverage. This move can pressure competitors to reassess their own portfolios and market strategies to keep pace in a competitive landscape.

Looking ahead, the completion of this acquisition is a significant milestone in Hiab's growth trajectory in South America. Key areas to watch will include the operational integration of ING Cranes into Hiab and potential regulatory reviews, although no such hurdles have been publicly noted. Stakeholders will also be observing Hiab's subsequent quarterly reports to assess the financial impact of this acquisition on the company's performance.