Kinshofer acquires UK-based Prolec

Kinshofer GmbH has announced it has signed an agreement to acquire United Kingdom-based company James Fisher-Prolec (Prolec). Under the terms of the agreement, Kinshofer has acquired 100 percent of Prolec’s shares.

Kinshofer, based in Germany, says its previous acquisitions include Liftall Inc. (Canada), Demarec B.V. (Netherlands), RF System AB (Sweden), Auger Torque Group (U.K./Australia/China), Solesbee´s LLC (United States), the Doherty Group (New Zealand/ Australia), Hammer Srl (Italy), Cangini Benne Srl (Italy) and Trevibenne Spa. (Italy). The company says those purchases “were important milestones.”

Kinshofer says the acquisition of Prolec is a significant milestone because “it adds ’smart’ technology to Kinshofer’s product portfolio and enables Kinshofer to develop its own in-house software and hardware systems for its traditional range of products, such as Tiltrotators. Secondly, Kinshofer will enter the market of innovative smart technology products to help improve attachment productivity and safety in conjunction with knuckle boom cranes and excavators.”

Prolec, established in 1982, focuses on the development and marketing of hardware and software technology for construction machinery, including aspects affecting safety, productivity, weighing and guidance. Prolec’s industry success is based on the long-standing experience of its team members, its wide range of products and the close relationship Prolec maintains with its customers, according to Kinshofer.

“Kinshofer continues its strategy to provide the industry with a ‘One-Stop-Shop’ solution of outstandingly engineered products to increase efficiency and, more importantly, profitability for its customers," Kinshofer Group President and CEO Thomas Friedrich says. "The acquisition of Prolec was the next step in our approach to be a global industry leader with solid local presence.”

Nigel Shaw will remain CEO of Prolec, and says, “The concentration of knowledge and competence will form a powerful center for future developments customers can only benefit from. The combination of both product ranges will create more groundbreaking innovations for the industry. The whole Prolec team, which will stay on in its entirety, is very excited to be part of this mutual future.”

Kinshofer says it and Prolec´s employees are working on rapid integration to provide customers worldwide with a “comprehensive range of products and services.”