Hiab moves to an importer model in South East Asia to strenghten its market position
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, PRESS RELEASE, 29 JUNE 2016 AT 11 AM EEST
Hiab, part of Cargotec, and Multico have signed an agreement for Multico to
become the importer for Hiab Sales and Services in Singapore and Malaysia.
Multico, based in Singapore, is also represented in several other countries in
South East Asia. Both parties have agreed not to disclose the value of the
transaction.
Multico has a demonstrated expertise in sales and service since first opening in
1973. Multico is also the partner of a number of major global brands. With this
proven capability and service footprint this partnership will result in Hiab's
rightful place as market leader. Multico is seen as a natural fit to Hiab's
South East Asia operations with their strong track record and ability to grow
and develop key market segments.
Sebastian Poccard, Hiab's Senior Vice President Sales & Services said: "The
strategic decision to partner with Multico in Malaysia and Singapore means we
are able to strengthen our leadership position and customer service in a key
market. Multico is a very well respected business in South East Asia with a
proven record of success. I am confident they are the right partner to take the
Hiab to the next level."
Mr KK Gay, General Manager Multico and Mr Marcus Ngo, Product Manager Multico
both commented: "Multico's focus is in the distribution of industrial equipment,
evidenced through our strong partnerships with major brands such as Tadano
mobile crane and Bobcat. Over the years, Multico has developed networks covering
different countries and sectors of the markets. We believe in Hiab's reputation
and there is great potential for growth. Our vision is to build a long term
partnership with our valued customers. Multico is proud to be the Hiab
distributor in the Singapore & Malaysia market."
The transaction will follow on 1 July 2016.
For more information, please contact:
Sebastian Poccard, Senior Vice President, Sales & Services, Hiab; tel.
+44 79313 68338 sebastian.poccard(at)hiab.com
Hanna-Kaisa Talvensaari, Senior Communications Manager, Hiab; tel.
+358 40 758 1572,
hanna-kaisa.talvensaari(at)hiab.com
Hiab is the world's leading provider of on-road load handling equipment.
Customer satisfaction is the first priority for us. Around 2,800 professionals
at Hiab work to provide high-performance products and services that meet
customer needs globally. Our product range includes HIAB loader cranes, JONSERED
recycling and forestry cranes, LOGLIFT forestry cranes, MOFFETT truck-mounted
forklifts and MULTILIFT demountables, as well as DEL, WALTCO and ZEPRO tail
lifts. www.hiab.com
Hiab is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2015
totalled approximately EUR 3.7 billion and it employs almost 11,000 people.
www.cargotec.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
[HUG#2023814]
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2016 - 10:00 Uhr
Sprache: Deutsch
News-ID 480584
Anzahl Zeichen: 3644
contact information:
Town:
Helsinki
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Hiab moves to an importer model in South East Asia to strenghten its market position"
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