Kinshofer GmbH from Germany and the in New Zealand based Doherty Group announced, that on December 19th 2017 they have signed a definite agreement to merge. Under the terms of the agreement, Kinshofer has acquired 100% of the Doherty Group.
For over 45 years, Kinshofer has been a leading manufacturer of attachments for truck mounted cranes, excavators and skid steer loaders, consistently developing its product range in both, the crane and excavator markets, to become a competent partner for OEM’s and OED’s. Previous acquisitions of Liftall Inc. (Canada), Demarec B.V. (Holland), RF System AB (Sweden), Auger Torque Group (U.K./ Australia/ China) and Solesbe´s LLC (U.S.A.) were other important milestones of this development.
The acquisition of Doherty is significant for Kinshofer in two ways: first it adds additional product segments such as quick couplers, buckets and other excavator products to Kinshofer’s already very comprehensive offering. And secondly, it improves Kinshofer’s distribution channel in New Zealand and Australia. But not only that, Kinshofer has now enhanced local manufacturing with its Tauranga (NZ) and Brisbane (AUS) based facilities, customers will be served much quicker and with a much larger product range. With this move, Kinshofer further demonstrates its commitment to being the global leader in attachments to the crane and excavator industry.
[vc_btn title=”Read More on company website” style=”3d” color=”warning” link=”url:http%3A%2F%2Faugertorque.com.au%2Fnews-and-events%2Flatest-news%2F2018%2F01%2F02%2Fkh-doherty%2F||target:%20_blank|”]