Palfinger AG engages in the manufacture of hydraulic lifting systems. It operates through the following business segments: LAND and SEA. The LAND segment comprises the business units Loader Cranes, Timber and Recycling Cranes, Tail Lifts, Access Platforms, Hooklifts, Truck Mounted Forklifts, Railway Systems, Production and the distribution companies. The SEA segment comprises the business area Marine cash-generating unit, which is composed of PALFINGER's maritime product groups: marine cranes, offshore cranes, davit systems, boats, winches and offshore equipment, wind cranes, service as well as rope access professionals and comprises all activities carried out under the PALFINGER MARINE brand. The company was founded in 1932 and is headquartered in Bergheim, Austria.