Konecranes to acquire Demag and Gottwald from Terex for EUR 1.1 billion

Konecranes is acquiring Terex's Material Handling & Port Solutions division, which includes the Demag and Gottwald brands, for approximately EUR 1.1 billion. The deal was agreed in May 2016 and has received EU and US approval.

“Rund 1,1 Milliarden Euro zahlen die Finnen für den bereits im Mai vereinbarten Deal.”handelsblatt.com

• 2 sources
• handelsblatt.comKonecranes übernimmt Demag und Gottwald: Lukrative LastenträgerNo authorNov 17, 2016
• konecranes.comMinistry of Commerce in China approves Konecranes’ pending acquisition of Terex’s MHPS business | Stock exchange releases | KonecranesNov 30, 2016

Summarized from public sources; check the original articles before acting on it.