News Kilpatrick Townsend has represented HIAB – part of Cargotec Corporation – in its acquisition of Olsbergs

10 January 2023

Kilpatrick Townsend has represented HIAB in its acquisition of one hundred percent of Olsbergs Hydraulics AB and Olsbergs Electronics AB. Olsbergs designs, manufactures and supplies hydraulic valves and remote control systems used to maneuver Hiab’s truck mounted loader cranes and forestry cranes. All 100 Olsbergs employees will join Hiab following the transaction. Hiab is a leading provider of smart and sustainable load handling solutions such as HIAB, EFFER and ARGOS loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT skiploaders and hooklifts, GALFAB roll-off cable hoists, and tail lifts under the ZEPRO, DEL and WALTCO brands. Hiab is part of Cargotec Corporation.

Kilpatrick Townsends team comprised of Tobias Öd (lead partner), Anthony Bähr (real estate and leases), Cecilia Qvist (M&A and IP) and Viktor Lundin (M&A and commercial). Kilpatrick Townsend’s corporate team regularly represents investors, founders, buyers and sellers. We have great experience of transactions within the manufacturing industry. We have been entrusted to work with some of Sweden’s market leading companies in the industry.