The 2020 Mid-Year Economic Update_long

Machine Tool Solutions Unlimited Acquired by Finland Manufacturer

The acquisition is Konecranes' first in the United States.

Finland-based Konecranes, a lifting equipment manufacturer, has acquired Machine Tool Solutions Unlimited, Cincinnati, OH. The acquisition is expands Konecranes presence in the Americas. Machine Tool Solutions Unlimited is Konecranes’ first MTS acquisition in the U.S. The value of the acquisition is not disclosed.

Machine Tool Solutions provides machine tool rebuilding, control retrofits, preventive maintenance, calibration and repair services. Annual net sales 2008 were $5.2 million. The company has 18 employees.

“We are pleased and excited to announce the addition of this strong regional company into the Konecranes family of global businesses,” says Tom Kurtz, general manager of MTS, Konecranes Region Americas. “This is a technically challenging market with strong growth potential in the United States. Combining the extensive footprint of Konecranes with the skills and capabilities of Machine Tool Solutions Unlimited we are confident that our expanded service offering will be appealing to existing and new customers alike.”

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