Palfinger AG engages in the manufacture of hydraulic lifting systems in the line of commercial vehicles and in the maritime field. It operates through the following business segments: Sea, Land, and Holding Unit. The Sea segment is encompasses all operations in connection with ships, offshore facilities and wind energy energy plants. The Land segment comprises lifting, loading and handling equipment for use on commercial vehicles such as trucks and railways. The Holding Unit segment maps the expenses of the group for group-wide functions for the administration and costs for strategic future projects incurred through the holding company. The company was founded in 1932 and is headquartered in Bergheim, Austria.