Cyprus based Halfona Investments has received clearance from Ukraine’s anti monopoly committee to acquire a majority stake in the Drohobych Truck Crane Plant in Ukraine which builds Dzak/DAK cranes
The deal will give the buyer over 50 percent of the voting shares in the business according to local reports. At the end of 2007 the plant's four largest shareholders were registered at the same address in Dnipropetrovsk - Ukragromash (25%), Unikum (31.68%), Anklav (19.13%) and Starcom (20.76%).
The company, which was founded in 1959 operates from a 32 hectare site, with . around 54,000 square metres of covered production space spread over 11 buildings.
The company has also established an assembly operation in the Indian city of Nashik, DAK Crane India, the first unit a KTA-25 truck crane has already been completed.
Currently the largest crane in the company’s range is the 28 tonne KTA-28 truck crane.