Konecranes and Demag Private Limited

Konecranes and Demag Private Limited specializes in advanced lifting technology, providing innovative solutions including cranes and hoists for diverse industrial applications. Their products enhance operational efficiency and safety in various sectors. Konecranes and Demag Private Limited is a manufacturer of lifting equipment, based in Pune, India. The company was founded in 1819 and has undergone significant transformations over the years.

It was acquired in May 2018 by Nonantum Capital Partners, though the financial details of the acquisition remain undisclosed. The company's leadership includes CEO Christian Mack, along with Emmanuel Digues and Jochen Müller. Demag Cranes & Components GmbH offers a comprehensive range of advanced lifting technology products, including the Demag DC-II chain hoist, the Demag DH hoist unit, and the Demag DHR rope hoist. These products are essential for industries such as manufacturing, logistics, and construction, addressing material handling and load transportation needs.

The company serves clients across Europe, Asia, and North America, focusing on customized solutions to enhance workflow efficiency. In 2018, Konecranes and Demag Private Limited reported a revenue of USD 69. 73 mn, alongside an EBITDA of USD -5. 73 mn for the same year.

Their revenue is generated primarily through direct sales of lifting equipment, with various pricing structures tailored to customer specifications. Following the acquisition in May 2018, Konecranes and Demag Private Limited is strategizing for future growth by developing new products tailored to customer needs, with specific launches anticipated in upcoming years. The company is also looking to expand its market presence in Asia and North America by 2023, leveraging its established global distribution network. The recent acquisition deal will support these initiatives by providing necessary capital to enhance product development and market penetration.