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.
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.
The Fassi group at Albino (BG) becomes one of the main shareholders of Cranab AB, a Swedish company manufacturing timber cranes, leader in its sector, founded in 1963 by the brothers Jonsson, Rune and Allan.