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The joint venture between Mikkelsen AS and Wolffkran Holding AG, established at the end of 2021, was dissolved on June 13, 2024. Wolffkran Norge AS is now fully owned by Wolffkran Holding AG, making it a 100% subsidiary.
After a successful initial phase for Wolffkran Norge AS, current market conditions presented new challenges. Consequently, it was agreed with Mikkelsen AS that a wholly-owned subsidiary could more flexibly and efficiently meet the requirements of the Norwegian construction sector.
Operationally, the company continues to be led by CTO, Operations Manager, and Managing Director Frank Kvam. The new board of the subsidiary includes Sven Jung (Chairman), Duncan Salt (CEO of Wolffkran Holding AG), and Andreas Kahl (Managing Director of Wolffkran GmbH).
"Establishing a company from scratch in a new market is always a challenge, and without the support of the Mikkelsen Group, these initial steps would not have been possible," says Duncan Salt, CEO of Wolffkran Holding AG. "We thank the entire Mikkelsen family for their support and invaluable expertise in founding Wolffkran Norge AS."
