Release from 22.11.2021

PALFINGER: Expansion in the Rhine-Ruhr Region


PALFINGER signed the contract for the acquisition of TSK Kran und Wechselsysteme GmbH and TSR Lacktechnik GmbH on November 19, 2021. Participation in its long-standing partner in Duisburg strengthens the company's position in northwestern Germany and in the “three country corner”.

Bergheim, Austria November 22, 2021

TSK Kran und Wechselsysteme GmbH has been an important and valuable partner in the northwest of Germany for more than 20 years and holds a significant market share in the Ruhr area. TSK enjoys an excellent reputation, especially in sales and service. At the beginning of 2022, the world's leading manufacturer of innovative crane and lifting solutions will take over the Duisburg-based company.

Central Sales and Service Location
For PALFINGER, joining TSK means strengthening its presence in the German market. For TSK, the takeover ensures its continued existence in full, with all its employees. Following complete integration into the PALFINGER Group, the Duisburg site will be expanded to become the central sales and service location in the region. Matthias Köppen will manage the Duisburg subsidiary.

More Customer Proximity
“Participating in our long-standing partner is an important step towards providing our customers in the Rhein-Ruhr region and “the three country corner” with even more intensive and comprehensive support and emphasizes the importance of the German market - in line with our brand promise: ‘Creating value together’,” explains PALFINGER CEO Andreas Klauser.

ABOUT PALFINGER AG
With innovative lifting solutions, PALFINGER sets standards worldwide. The leading technology and engineering company turns customer needs into seamlessly integrated solutions. A broad product portfolio and regional footprint drive balanced profitable growth. With its promise of Lifetime Excellence, PALFINGER delivers top performance throughout the entire product lifecycle.
 
Around 12,350 employees, 30 international manufacturing sites, and a global distribution and service network ensure worldwide proximity to the market.
 
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and achieved a revenue of EUR 2.36 billion in 2024.

Contact

Palfinger AG - Finance EN
Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com