# Konecranes to acquire Terex Material Handling & Port Solutions for $1.3B

Konecranes Plc announced it received CFIUS approval for its proposed stock purchase of the Material Handling and Port Solutions business of Terex Corporation for approximately US$1.3 billion.

- Type: Acquisition
- Announced: 2016-10-11
- Where: United States
- Value: $1.30B
- Status: announced
- Products: industrial cranes, crane components, port technology
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Terex Corporation](https://endata.com/companies/15079.md) (target)

## Sources

- [tradepractitioner.com](https://www.tradepractitioner.com/2016/11/approved-cfius-filing-konecranes-plc-and-terex-corporation/), 2016-11-01: "On October 11, 2016, Konecranes Plc, a Finish public company, announced that it received CFIUS approval relating to is proposed stock purchase of the Material Handling and Port Solutions business of Terex Corporation"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.