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Konecranes' history dates back to 1910 when the electrical motor repair shop KONE Corporation was founded. Konecranes has grown over the years mainly organically but has a strong acquisition track record as well. KONE Corporation started to build sizeable Electric Overhead Traveling Cranes. The main customers were at first mainly from the pulp and paper and power industry. Harbor cranes were added to the product range in 1947. The company began to expand internationally and makes a first acquisition in Norway (Wisbech-Refsum). From 1990 onwards the company has kept a high focus on establishing technical leadership. The company established its own offices in the UK by acquiring the company Lloyds British Testing with operations in the UK and Australia. A large restructuring program was launched which carried on until 1994. Among other actions, crane production facilities were cut from 19 to 4. KCI Konecranes was formed on April 15, 1994, when KONE Corporation, a Finland-based group was listed on the Helsinki Stock exchange, as part of structural changes which involved disposing of all its operations, excluding its elevator business, sold the operations of its crane division. In 2002 KCI Konecranes was the first foreign crane company in China to receive a complete range of business licensees including import and export. Reach stackers and Lift trucks added to the product range through the acquisition of SMV Lifttrucks AB of Markaryd, Sweden. KCI Konecranes' acquisition of R.STAHL AG's material handling division, R.Stahl Fordertechnik of Germany, brings together some of the crane industry's strongest brands and most innovative technologies. Stahl is a significant player in the field of specialized lifting applications. KCI Konecranes launched a new refocused and unified global master brand strategy and identity, and drops the KCI from the brand name. At the same time the slogan Lifting Businesses TM, emphasizing productivity enhancing lifting solutions and services, was launched.

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