Tadano has recently announced its acquisition of IHI Transport Machinery Co., the crane and material handling subsidiary of IHI Corporation. This move is part of IHI’s strategy to focus on its non-traditional growth businesses, such as Aero engine, Defense, and Aerospace. Established in 1973, the Transport Machinery subsidiary offers a wide range of cranes, including port and yard handling cranes, large climbing Luffing Jib Tower Cranes for high-rise tower construction, Port Ship to Shore cranes, Large Offshore Cranes, Wind Power Cranes, Floating Cranes, and Bulk Handling Systems.
The IHI group has a long history dating back to 1853 when it was founded as Ishikawajima Shipyard. Over the years, it has evolved and merged with other companies to form IHI Corporation. With the sale of its crane business, IHI aims to streamline its operations and focus on key growth areas. The transaction is expected to be finalized by July 2025, although the sale price has not been disclosed due to confidentiality obligations.
Tadano, on the other hand, sees this acquisition as an opportunity to expand its product portfolio and offer a broader range of lifting solutions to its customers. The addition of IHI’s Tower and Port Cranes will complement Tadano’s existing lineup and strengthen its position in the global lifting equipment market. Tadano’s CEO, Toshiaki Ujiie, expressed excitement about the acquisition, highlighting the potential synergies between the Ring Lift Cranes and Tadano’s Lattice Boom Crawler Cranes manufactured in Germany.
With this acquisition, Tadano aims to deepen its relationships with customers and enhance its offshore wind power equipment offerings. The company’s Mid-Term Management Plan focuses on delivering new value to customers through diversification and innovation. By combining IHI’s expertise with Tadano’s resources, the company hopes to create additional value for stakeholders and solidify its leadership in the crane industry.
This acquisition marks Tadano’s third major acquisition this year, following the takeover of Nagano and the deal to acquire all of Manitex. The company’s senior management is confident in its ability to integrate these new businesses effectively, given its experience in handling previous acquisitions. However, the branding and positioning of the newly acquired products will be a key consideration moving forward, as Tadano seeks to establish a presence in the segments covered by IHI.
Overall, Tadano’s acquisition of IHI Transport Machinery Co. represents a strategic move to expand its offerings, strengthen its market position, and deliver enhanced value to customers. As the company continues to grow and evolve, its focus on innovation and customer satisfaction remains paramount in driving its success in the global crane industry.
