Danish crane giant for sale

The owners of Højbjerg Maskinfabrik plan to sell the company after the best results in its history

The owners of the Danish crane giant Højbjerg Maskinfabrik has announced that its plan to sell the company this autumn after doubling its yearly earnings from 24.6 million kroner in 2012 to 52.6 million in 2013. This is the best result in the company’s history, according to Børsen.

“There has to be found a new owner that has the economic muscles to realise the company’s potential," said Kim Buchwald, the company's board chairman. "We don’t have that now."

Søren Nørbjerg, a partner at property sales experts Advizer, reckons the company could fetch as much as 700 million kroner.

Sale to wait until autumn
Kim Buchwald, a board member of Højbjerg Maskinfabrik, wants to wait until the autumn as he expects the surplus to climb by 50-100 million kroner. He also expects the yearly earnings to amount to 70-75 million kroner by the end of this year.

Drastic turnaround
This is a drastic turnaround for a company that nearly went bankrupt four years ago. Since then it has focused on the crane industry and is presently the fourth largest player in the Danish market. 





  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.