On January 31, 2018, Kito Corporation (KITO) acquired all the shares of ERIKKILA OY in Finland via wholly owned subsidiary Kito Europe GmbH. ERIKKILA produces industry-use light cranes and is represented through an extensive distributor sales network across Europe.
Purpose of the acquisition
By acquiring the crane production operation of ERIKKILA, KITO enhances its European operations and strengthens business position through ERIKKILAs European sales network. This acquisition also expands KITO’s line of cranes and related products.
More than 100 years old ERIKKILA has been producing and selling light cranes in the competitive European market for over 40 years. Modular ERIKKILA light cranes are lightweight and easy to operate with exceptionally long lifespan. By combining them with KITO electric chain hoists, which reduce load swing, Kito is able to offer users the best solutions and seize more sales opportunities across Europe.
With comprehensive ERIKKILA light crane system of steel and aluminum, KITO is able to serve growing demands among automotive and other industries. In the future KITO will expand its light crane operations outside Europe, at first stage in Japan and the US.
Download: Official press release
