Konecranes now 100% owner of hoist and crane manufacturer SANMA

In November 2009, Konecranes already acquired a majority holding (65 percent) in hoist and crane manufacturer SANMA. On june 11 2014, Konecranes has completed the acquisition of the remaining shares and now owns 100 percent of the company.

The acquisition is an important step for Konecranes and SANMA will continue as one of Konecranes power brands in China. Konecranes will also continue to develop the unit as part of its global supply organization.

SANMA is based in Jingjiang, about two hours drive northwest of Shanghai. SANMA has a strong position as a nationwide supplier of its wire rope hoists in China and as a crane supplier especially in Jiangsu and the neighboring provinces.