Konecranes completes acquisition of Terex MHPS (Demag)

Konecranes finalized its worldwide acquisition of Terex MHPS, which includes Demag Cranes, Hoists, Material Handling and Ports Solutions. The combined entity will share technology and target synergies of EUR 140 million per year within three years.

“Following the finalisation of the Konecranes’ worldwide acquisition of Terex MHPS, which in effect is Demag Cranes, Hoists, Material Handling and Ports Solutions, the two global crane brands will be sharing their considerable combined knowledge and technology.”miningweekly.com

• 3 sources
• miningweekly.comTwo Crane Giants Join ForcesCreamer Media ReporterApr 12, 2017
• miningnewszambia.comTwo crane giants join forces - Zambian Mining NewsEvans MumbaApr 12, 2017
• crown.co.zaKonecranes and Terex MHPS join forcesCrown PublicationsApr 13, 2017

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