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The Austrian Palfinger Group announces acquistion of AWE, a US cable hoist manufacturer

Palfinger
July 9, 2009

With this expansion, Palfinger will be number two in the container handling system industry in the U.S.

Palfinger , a manufacturer of truck-mounted material handling equipment, is continuing its effort to expand the future growth of its company in the North American market. By taking over the New Jersey based Automated Waste Equipment, Inc. (AWE), Palfinger will gain access to a valuable customer base in various industries. According to Mr. Herbert Ortner, CEO of Palfinger AG in Austria, this expansion is a further step in strengthening local production and gaining additional market share. “It gives us access to a product range that is in line with the needs of American customers in this segment, ” said Mr. Ortner.

With a market share of up to 70 %, AWE is the second largest producer of cable hoists in the U.S. The systems produced by AWE are an excellent complement to the Palfinger product portfolio.

For further information, please contact:

Mr. Harald J. Böhaker
PALFINGER AG
Director of Marketing & Communications
T 011 43 662 4684 2327
E h.boehaker@palfinger.com
  

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