Hiab to Acquire Brazil’s ING Cranes

Hiab has signed an agreement to acquire leading Brazilian crane manufacturer ING Cranes, strengthening Hiab’s position in the Brazilian market

Hiab, a leading provider of smart and sustainable on-road load handling solutions, has entered into an agreement to acquire ING Cranes, a leading Brazilian crane manufacturer.

Hiab has signed an agreement to acquire leading Brazilian crane manufacturer ING Cranes.

This strategic move significantly enhances Hiab’s presence in Brazil, complementing its current portfolio in the market.

ING Cranes was founded in 2010. In 2024, the company reported sales of nearly $60million and today employs around 250 people.

• The parties have agreed not to disclose the transaction value.

“The acquisition of ING Cranes is a logical step in Hiab‘s growth strategy, and it aligns well with Hiab’s ambition to expand not only organically but also inorganically. Over its 15-year history, ING Cranes has demonstrated a strong track record of profitable growth. Therefore, we expect that, post-transaction, this will help us increase our overall market presence as well as our ability to deliver significant value for our customers and all external stakeholders,” says Hiab‘s President and CEO Scott Phillips.

The acquisition complements Hiab’s current brand portfolio of loader cranes in Brazil.

“This acquisition brings together Hiab’s global reach and broad loader crane offering with ING Cranes’ strong local expertise and portfolio. With this, Hiab positions itself to become the leading loader crane provider in Brazil,” says Marcel Boxem, VP Sales & Product Management, Hiab Loader Cranes, Heavy and Superheavy.

Hiab offers a comprehensive range of loader cranes from light to heavy-duty, solidifying its position as a preferred solution provider for the Brazilian agriculture, rental, construction and transportation industries.

The acquisition complements Hiab’s current brand portfolio of loader cranes in Brazil. With this addition, Hiab offers a comprehensive range of loader cranes from light to heavy-duty, solidifying its position as a preferred solution provider for the Brazilian agriculture, rental, construction and transportation industries.

• The closing of the transaction is subject to customary closing conditions and is expected to take place in the beginning of 2026. Remember, the parties have agreed not to disclose the transaction value.