Kran og Industri Service

Leading Norwegian provider of inspection, service and maintenance for cranes and lifting equipment

Founded in 1987, Kran og Industri Service (“KIS” or “the Company”) is a leading player in the crane inspection and service industry. The Company is equipment-agnostic, servicing all electromechanical cranes and lifting devices, with a primary focus on land-based industrial cranes and harbour / marine cranes.

KIS has a long history of providing safe and high-quality services to businesses predominantly in the Industrials sector and who consider cranes mission-critical to their operations. Driven in part by regulatory requirements, the Company’s business model is based on a full-service offering which sees it covering both inspection / certification as well as service / maintenance of the cranes. At present, the Company employs more than 420 people who serve over 4,600 customers across Norway and the Netherlands.

IK Partners acquired a majority stake in September 2024 from the Company’s management team and employees; most of whom reinvested as part of the transaction.

What Attracted Us to the Business

• Resilient and growing testing, inspection and certification market
• Market-leading position in Norway
• Well-structured platform for growth
• Diversified customer base across a variety of end markets

Our Value Creation Strategy

We are working alongside management to:

• Win additional market share in Norway;
• Build on current initiatives to develop the inspection and services platform in the Netherlands;
• Drive consolidation through the execution of a targeted buy-and-build strategy within the EU; and
• Further professionalise the business by improving organisational structures and reporting systems.

Quote from the Client

“We are looking forward to working closely with the IK team to ensure that KIS solidifies its position as a leading inspection and service player in both Norway and the Netherlands. We are confident that, with their experience of building pan-European champions, we can further expand our position internationally and improve the product offering for our existing customer base to continue our already strong growth trajectory.”

Svein-Frode Børsting, Chairman and Group CEO, KIS