Cargotec-backed Hiab completes acquisition of Galfab.

Cargotec-backed Hiab, a provider of on-road load handling equipment, completes acquisition of Galfab, a demountables manufacturer. Financial terms were not disclosed. “I warmly welcome Galfab and its employees to Hiab. This is an exciting opportunity to create growth for both Galfab and our demountables business by providing Galfab equipment owners access to Hiab’s industry-leading, nationwide sales and service network and our global innovation platform,” Scott Phillips, Hiab President.