Photo by Wolffkran
Wolff Acquisition Konstruktiva Lokus 1

Crane Manufacturer Wolffkran Acquires Czech Crane Rental Company

March 17, 2021
Crane manufacturer Wolffkran acquired the Czech crane rental company Konstruktiva Lokus a.s., an established player in the Czech market for decades.

Crane manufacturer Wolffkran acquired the Czech crane rental company Konstruktiva Lokus a.s. The Prague-based company has been an established player in the Czech market for decades and expands the territory of the red Wolffs in Central Europe.

"The Czech crane market has huge potential,” said Jan Drastík, chairman of the management board of Konstruktiva Lokus. "That is why we wanted to be the first rental company in the Czech Republic with a strong partner at our side. We are pleased to have found such a partner in Wolffkran."

Konstruktiva Lokus was founded in 1929 and shares a long history of partnership with Wolffkran. Its fleet of around 120 top-slewing tower cranes and self-erecting cranes is largely made up of Wolff cranes, which Konstruktiva Lokus has been renting and selling to customers in the Czech Republic, Slovakia, Germany and Poland for almost 30 years. The acquisition was further preceded by a longstanding collaboration with Wolffkran Austria GmbH.

"Konstruktiva Lokus is a key player in the Czech Republic that has been connected to Wolffkran for many years,” said Duncan Salt, CEO of the Wolffkran Group. “[It is] the perfect partner to open the door to the dynamic eastern markets in Central Europe.”

"The Czech Republic, and the greater Prague area in particular, is currently seeing a lot of residential and commercial construction, but we are also receiving inquiries for larger projects, including a dam," said Drastík. "Under the umbrella of Wolffkran, we will expand and rejuvenate our rental fleet accordingly.”

"We also expect the demand for larger cranes to increase here in the coming years," added Jiří Řezáč, member of the management board at Konstruktiva Lokus. "As part of the Wolffkran family, we are ideally positioned to meet this trend."

The acquisition by Wolffkran is well timed for the Czech crane rental company, employing around 60 people, since three of the five shareholders recently withdrew from the operative business. "Our aim is to continue to grow, and we therefore did not want to rely on only a financial investor,” said Řezáč. “As a Wolffkran group company, we can draw on the necessary capital as well as the know-how and a state-of-the-art rental fleet to take our business forward into a successful future.”