Palfinger AG engages in the manufacture of hydraulic lifting systems. It operates through the following segments: European Units, Area Units, and Ventures. The European Units segment includes the following business units: loader cranes; timber and recycling cranes; tail lifts; access platforms; hooklifts; truck mounted forklifts; railway systems; production and distribution firm; marine, wind, and offshore cranes; winches and offshore equipment; launch and recovery systems; boats and dealers; and rope access. The Area Units segment comprises of North America, South America, Asia and the Pacific, and Commonwealth of Independent States business areas. The Ventures segment consists of development stage projects. The company was founded in 1932 and is headquartered in Bergheim, Austria.