# Konecranes completes acquisition of Terex MHPS (Demag)

Konecranes finalized its acquisition of Terex MHPS, which includes Demag Cranes, Hoists, Material Handling and Port Solutions. The combined entity aims to become a focused global leader in industrial lifting and port solutions.

- Type: Acquisition
- Announced: 2017-05-31
- Where: Southern Africa, South Africa
- Status: completed
- Products: industrial cranes, port solutions, hoists
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Terex MHPS GmbH](https://endata.com/companies/16427.md) (target)
- [Demag Cranes](https://endata.com/companies/18082.md) (target)

## Sources

- [mining.com](https://www.mining.com/web/two-crane-giants-join-forces/), 2017-05-31: "We are extremely proud to combine forces with Demag."
- [cbn.co.za](https://cbn.co.za/industry-news/manufacturing-news/two-crane-giants-join-forces/), 2017-06-07: "Following Konecranes’ acquisition of Terex MHPS – which in effect, is Demag Cranes, Hoists, Material Handling and Ports Solutions"

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