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Famaba settles in with E-Crane

Belgium/pPoland – Bulk material cranes manufacturer E-Crane, part of Belgian engineering company Indusign NV, has acquired Polish player Famaba.

According to E-Crane, this move means it fully owns ‘€˜a strategic supplier of high-grade steel’€™ for its specialisation in the fabrication of large steel constructions, such as components for telecommunication, shipyard and overhead cranes. Famaba will remain ‘€˜an important European player in the market for foundations and towers for wind turbines’€™, notes the Belgian manufacturer.

‘€˜Within the E-Crane Group, Famaba will be operating as a fully independent unit,’€™ E-Crane adds. The ‘€˜already-excellent’€™ co-operation will result in a substantial increase in capacity for assembling harbour cranes at its Adegem location while also delivering major logistics savings.

Currently employing 275 people, the Polish steel company’€™s revenues exceeded US$ 20 million (Euro 16 million) last year. All workers will be kept on, including those at the Dutch and US subsidiaries, and ‘€˜a further expansion is under consideration’€™, states E-Crane.

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