The Fassi Group has acquired more shares in Cranab, giving the Italian company complete ownership of the Swedish forestry group
Bergamo (Italy) – In 2013, Fassi became the part-owner of the Cranab Group and from then on has continued to increase its shares in the enterprise bit by bit. Now that the chairman of Cranab, Mr Hans Eliasson, is retiring after having spent 45 years with the company, the acquisition of his shares has allowed Fassi to become the full shareholder of the group, which includes the subsidiary companies Cranab, Slagkraft, Vimek and Bracke Forest.
It has been confirmed that Roger Boutonnet will continue as president of CTELM, and he took the opportunity, during the signing, to underline the excellent results obtained in 2016, both in terms of sales for Marrel and also with regards to the strengthening of all the subsidiaries. Boutonnet, also a partner in CTELM, emphasized the objectives of growth and continuity that the company has set for the near future.
Cranab has long been renowned on the world market for its harvester and forwarder cranes for forestry machines. Now it's time for the next step and a new product area – truck cranes for forestry and recycling.
The first model – the TZ12 – will be unveiled at the Skogsnolia exhibition outside Umeå, Sweden.