Palfinger buys Russia based INMAN

Austria based Palfinger has acquired Ischimbajskie Neftianiye Manipuliatory, JSC (INMAN), based in Russia. INMAN has its headquarters in Ishimbay in the Republic of Bashkortostan, south of Russia. The company has two factories and has been a distributor of fixed arm and articulated loader cranes since 1992. It has 415 employees and a £ 20 mn turnover. It also provides a range of services from certification for the Russian market to maintenance and spare parts, and primarily supplies companies in the oil and gas industry. INMAN will exist as a separate brand within the Palfinger group. The acquisition is still subject to the approval of the supervisory boards of both parties and the Federal Antimonopoly Service of the Russian Federation (FAS). Palfinger now has 50 dealers on both sides of the Ural.Contact: Palfinger.Tel: +43-662/46 84-0. E-mail: info@palfinger.comWebsite: www.palfinger.com