KINSHOFER has acquired a majority share in GMT Equipment.

The grapple saw brand bolsters the group’s offering, which also includes the likes of Auger Torque and Hammer. 

According to a press release, the acquisition of GMT is significant in two ways; first, it strengthens Kinshofer’s portfolio of crane attachments, and, second, it improves the organisation’s presence in the tree removal and tree care industry, a growing segment.

Thomas Friedrich, president and CEO of Kinshofer Group, said: “Kinshofer continues its strategy to provide the industry with a ‘One-Stop-Shop’ solution of outstandingly engineered products to increase efficiency and, more importantly, profitability for its customers. 

“The acquisition of GMT Equipment was the next step in our approach to be a global industry leader with solid local presence”.

Michel Gierkink will remain the managing director and co-owner of GMT. He said: “The concentration of knowledge and competence, particularly in the crane attachment segment, will form a powerful centre for future developments customers can only benefit from.”