"In a significant move, Finnish lifting equipment maker Konecranes HEL : KCR1V announced on 29 July 2009 that it has bolstered its position in the market by increasing its stake in Austrian manipulator maker ACS Konecranes to 80%, demonstrating confidence in the company's growth prospects. Additionally, Konecranes expanded its presence by acquiring German sector player Knight Europe, signaling a strategic expansion into new markets."