Nimbus invests in crane builder KW-Kranwerke

With the backing of Nimbus, KW-Kranwerke plans to strengthen its market position, and expand its service and retrofit business. Nimbus acquired its stake in the company by purchasing the shares of main shareholder Karl-Philipp Schneckenberger.

Nimbus recently launched its fourth fund and opened offices in the UK.

Company
Based in Mannheim, Germany, KW-Kranwerke has 90 employees and generates annual sales of €20m. It designs and manufactures overhead travelling cranes for customers in the waste-to-energy sector, as well as specialist cranes and dredgers.

People
KW-Kranwerke – Wolfgang Tomek (CEO).

Advisers
Target – IMAP (corporate finance).

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• Germany