Kinshofer acquires RF System AB

Kinshofer GmbH and the Swedish company RF System AB announced at the end of 2011 that they have signed a definite agreement to merge. Under the terms of the agreement Kinshofer has acquired 100 percent of the shares of RF System.   

Kinshofer says the acquisition of RF System is significant in two ways. First it adds new product segments, including railroad maintenance tools and quick couplers and buckets to Kinshofer’s already comprehensive offering. And secondly, it opens a very important distribution channel for Kinshofer’s attachments, such as Tiltrotators and tools for the demolition and scrap processing industries. Also because of the merger, Kinshofer will be closer to its customers in Scandinavia, and in particular, Sweden.   

Thomas Friedrich, managing director of Kinshofer, said: “Kinshofer continues its strategy to provide the industry with a “One-Stop-Shop” solution of outstandingly engineered products to increase efficiency and, more importantly, profitability of its customers.”

Bo Andersson, founder of RF System as well as Marcus Olofsson, Managing Director commented: “The concentration of knowledge and competence will form a powerful centre for future developments customers can only benefit from. In particular the combination of both product ranges will create more groundbreaking innovations for the industry. We are very excited to be part of this mutual future.”  

According to Kinshofer, company employees and RF System’s employees are working on rapid integration to provide customers worldwide with their comprehensive range of products and services. Kinshofer says they are also very pleased that both Bo Andersson and Marcus Olofsson will remain in their positions for RF System and will play a major role in the new organization.