PALFINGER DEVELOPS PALFINGER SYSTEMS TOGETHER WITH PARTNERS

The PALFINGER Group and the Palfinger family have jointly taken measures to accelerate the development of the technologies of Palfinger systems GmbH so as to achieve market readiness. In order to take up serial production and launch systematic and global distribution, Palfinger systems requires time and capital for the necessary investments. With a view to accelerating and safeguarding the aspired breakthrough in the market, investors from the industry and from the regions of the company’s sales markets will be added to the shareholder base. 

To this end, the Palfinger family has founded a company in Singapore which, in a first step, will take over a 59 per cent majority in Palfinger systems from the PALFINGER Group. In 2015, in a second step, investors from the industry will have the opportunity to acquire an interest in the newly founded company. CAPITAL Investment GmbH, Salzburg, and the PALFINGER Group will remain shareholders of Palfinger systems, holding 15 per cent and 26 per cent, respectively, which will enable them to contribute to the development of this project together with the shareholders of the new company. 

“We have made this decision in line with our strategy of enabling growth and new ventures not only through our own resources but also through partnerships and joint ventures,” says Herbert Ortner, CEO of the PALFINGER Group.