Finnish engineering group Konecranes has expanded its global service network through the acquisition of crane maintenance and service companies in Thailand and New Zealand, reinforcing its presence in fast-growing industrial markets across Asia-Pacific.

The acquisitions add local technical expertise and established customer relationships to Konecranes’ industrial service division, which focuses on maintenance, repair and modernization for cranes and other lifting equipment used in factories, ports and logistics facilities.

By integrating the two companies into its operations, the group aims to strengthen its ability to support customers across a wider geographic footprint.

Konecranes said the purchases reflect its long-term strategy of building a broader service network that can provide lifecycle support for lifting equipment regardless of brand.

The company’s service business has become a central pillar of its growth strategy, offering recurring revenue through maintenance contracts and modernization projects for industrial clients.

The company, headquartered in Finland, is one of the world’s largest providers of cranes and material-handling solutions.

Its products and services are used across sectors ranging from manufacturing and shipbuilding to container terminals and heavy industry.

Expanding in Asia-Pacific has been a key priority for the group as industrial activity and infrastructure investment accelerate across the region.

Thailand, with its large manufacturing base and growing logistics sector, represents a strategic location for service operations supporting factories, warehouses and port facilities.

New Zealand, meanwhile, offers access to customers in sectors such as ports, construction and energy, where lifting equipment requires regular inspection and maintenance to ensure safety and operational reliability.

Company leaders said the acquisitions would allow Konecranes to combine local expertise with its global engineering capabilities, enabling more comprehensive service offerings for customers in both markets.

The deals also highlight the continued consolidation within the industrial equipment service sector, as multinational manufacturers seek to expand their aftermarket capabilities and strengthen relationships with customers through long-term service contracts.

By bringing the two firms into its network, Konecranes aims to deepen its presence in the Asia-Pacific region while reinforcing its position as a global provider of crane maintenance and industrial lifting solutions.