News - 31.05.2016

Harding sold to Palfinger Group

Herkules III and the management shareholders in Harding Holding have signed an agreement to sell Harding Safety to the Austrian industry group Palfinger.

With a staff of approx. 800 employees, Palfinger recorded revenues of approx. EUR 140 million in 2015. This would be the largest acquisition carried out in the history of the Palfinger Group. Harding, headquartered in Seimsfoss (Norway), is one of the leading suppliers of lifesaving equipment and lifecycle services for maritime installations and ships. Its main products are lifeboats, rescue boats and davits. Today’s Harding Group was created through a combination in 2013, when Herkules Capital acquired Umoe Schat-Harding AS and Noreq AS.

Please see Harding’s press release for more information: