Kinshofer Group acquires Boscaro

• Kinshofer Group has acquired a majority shareholding in Boscaro, an Italian family business specializing in attachments for the construction industry.

• The acquisition strengthens Kinshofer's portfolio in material handling tools and expands its distribution channels in Boscaro's strong markets.

• Boscaro's leadership and entire workforce will remain, continuing global development and sales while integrating with Kinshofer's product range.

• Both companies emphasize combined expertise and innovation to enhance efficiency and profitability for customers worldwide.

Kinshofer Group from Germany and the in Italy based company Boscaro S.r.l. announced today that they have signed a definite agreement to merge. Under the terms of the agreement Kinshofer has acquired a majority shareholding of Boscaro.

For over 55 years, Kinshofer has been a leading manufacturer of tools for truck mounted and tower cranes, excavators and skid steer loaders, consistently developing its product range in both, the crane and excavator markets to become a competent and reliable partner for OEM’s and OED’s. Previous acquisitions of Liftall Inc. (Canada), Demarec B.V. (Holland), RF System AB (Sweden), Auger Torque Group (UK/Australia/ China), Solesbee´s LLC (USA.), the Doherty Group (New Zealand/ Australia), Hammer Srl. (Italy), Cangini Benne Srl. (Italy), Trevi Benne SpA (Italy), Prolec Ltd. (UK), HGT (Germany), GMT (Holland) as well as Eurosteel (Holland) were other important milestones of this development.

The acquisition of Boscaro is significant for Kinshofer in two ways; first, it strengthens Kinshofer’s portfolio of material handling attachments and tools and second, it improves Kinshofer’s distribution channels in markets Boscaro is strong. With this move, Kinshofer further demonstrates its commitment to being a global leader in attachments to the crane and excavator industry.

Boscaro, a 1977 established family business, puts its focus on the development and marketing of attachments for the general construction industry, in particular for handling materials in conjunction with tower cranes. Boscaro’s industry success is based on Mr. Adriano Pistore’s and his team’s 50 years of knowledge. With an extremely committed and well-educated workforce, Boscaro will continue to develop and sell its products globally through its distribution channels, but also other Kinshofer Group companies will add Boscaro product to their range.

Thomas Friedrich, President & 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 Boscaro was the next step in our approach to be a global industry leader with solid local presence”.

Adriano Pistore will remain Co-Owner and CEO of Boscaro. He commented: “The concentration of knowledge and competence will form a powerful centre for future developments customers can only benefit from. The combination of both product ranges will create more ground-breaking innovations for the industry. The whole Boscaro team, which will stay on in its entirety, is very excited to be part of this mutual future.”

Kinshofer’s and Boscaro´s employees are working on the rapid integration to provide customers worldwide with their comprehensive range of products and services.