Palfinger

Last updated

PALFINGER AG
Company type Stock Company
Industry Engineering
Founded1932
FounderRichard Palfinger
Headquarters Bergheim, Austria
Key people
RevenueIncrease2.svg€2,226,241,000 (2022)
Number of employees
12,210 (2022)
Website www.palfinger.com
Footnotes /references
[1] [2]

The company Palfinger AG is an Austrian manufacturer of hydraulic lifting, loading and handling systems, especially known for the cranes. With 150 models and a market share of 35 percent, the company is the world market leader. The Palfinger Group comprises 84 companies in 32 countries, with 33 manufacturing and assembly sites and approx. 5,000 sales and service locations in more than 130 countries on all continents.

Contents

History

The history of Palfinger dates back to 1932, with the founding of a repair shop for agricultural trailers, tippers and vehicle bodies by Richard Palfinger. The company built its first crane in 1959, and Richard's son Hubert specialized in hydraulic loading cranes in 1964. In 1989, Palfinger exported over 90% of its production to about 70 countries. In 1999, the company went public. In the past 20 years, the focus was on diversification as well as internationalization. In June 2018 Andreas Klauser took over as the CEO. [3]

Shareholders

Around 56.4% of the Palfinger Group is owned by the Palfinger family, 7.5% by Palfinger AG itself, and around 36.1% is in diversified holdings. [4] Since June 1999 Palfinger has been listed on the official market of the Vienna Stock Exchange. [1] Since mid-June 2000 the shares of Palfinger AG have also been traded on the OTC market of the Stuttgart, Berlin, Düsseldorf and Frankfurt stock exchanges. [4]

Products

Palfinger produces a number of different types of lifting solutions for specialised and more general applications.

Pk 135.002 TEC 7 PK 135002 TEC7 Koestendorft.jpg
Pk 135.002 TEC 7

Palfinger considers itself the global market leader for loader cranes, timber and recycling cranes, marine cranes, wind cranes, hooklifts and railway systems. The acquisition of the globally-operating Harding Group in 2016 also made Palfinger the world's market leader in maritime lifesaving equipment. The company is also a leading specialist in tail lifts and truck mounted forklifts. [5]

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References

  1. 1 2 "Palfinger AG : Vienna Stock Exchange". Wiener Börse AG. Archived from the original on 29 May 2023. Retrieved 21 July 2023.
  2. "Annual Report 2022 - Key figures". Palfinger. Retrieved 21 July 2023.
  3. "History". Palfinger. Archived from the original on 25 May 2018. Retrieved 26 February 2020.
  4. 1 2 "Stock - Shareholder Analysis". Palfinger. Retrieved 21 July 2023.
  5. "Integrated Annual Report 2019". Palfinger. Retrieved 21 July 2023.