Kinshofer GmbH and HKS Abbruch- und Verschrottungstechnik GmbH, both based in Germany, have signed an agreement to merge. Under the terms of the agreement Kinshofer has acquired 100 percent of the shares of HKS.
Kinshofer is a manufacturer of attachments for truck cranes and excavators. The company has extended its product range to include both the crane and excavator markets to become a competent partner for OEM/OED's.
The company’s acquisition of HKS has added a full line of scrap and demolition shears to Kinshofer's Excavator Line, including Scrap Grabs, Multi-Quick-Processors, Pulverizers and Demolition Grabs.
Thomas Friedrich, managing Director of Kinshofer and Wolfram Wack, co-founder and GM of HKS will work to integrate HKS into the Kinshofer Group to provide customers worldwide with its comprehensive range of products and services.
Wack will remain GM of HKS.