The Finnish group Konecranes has bought the entire share capital of Saudi Arabia Saudi Cranes & Steel Works Factory Ltd., is located in the industrial area of Jubail and that designs, builds and installs cranes and lifting equipment for the industrial sector.
Saudi Cranes, which is the agent of Konecranes, has about 100 employees and last year posted net sales of approximately EUR 17 million.
"The acquisition of Saudi Cranes - said senior vice president of the Finnish group, Pierre Boyer - Konecranes will give the opportunity to strengthen its position in the important market of Saudi Arabia, which is experiencing significant growth in key sectors industrial. So far, thousands of cranes were sold in the Saudi Kingdom and these are an excellent basis for creating and developing services for the Saudi market. "
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The Finnish group Konecranes has bought the entire share capital of Saudi Arabia Saudi Cranes & Steel Works Factory Ltd., is located in the industrial area of Jubail and that designs, builds and installs cranes and lifting equipment for the industrial sector. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
