Palfinger AG engages in the production and sale of innovative lifting solutions for use on commercial vehicles and ships. It operates through the European Units, Area Units and Ventures Units business segments. The European Units segment comprises of cash-generating units in Europe and developed markets. The Area Units segment includes North and South America, Asia and Pacific, and Commonwealth of Independent States (CIS). The Ventures Unites segment involves future projects of the firm. Its core product is the truck mounted knuckle-boom crane. Its other products include the Crayler mounted forklifts, Ratcliff and MBB tail lifts, and Bison, Wumag, and ETI truck mounted access platforms. The company was founded in 1932 and is headquartered in Salzburg, Austria.