# Konecranes completes merger with Demag in Russia

Konecranes completed the reorganization and merger of Demag's Russian subsidiary OOO Demag MHPS Rus into JSC Konecranes Demag Rus, effective August 1, 2018. Demag and its Russian subsidiary became part of Konecranes.

- Type: Acquisition
- Announced: 2018-08-02
- Where: Russia
- Status: completed
- Products: cranes, lifting equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [JSC Konecranes Demag Rus](https://endata.com/companies/33507.md)
- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Demag](https://endata.com/companies/16567.md) (target)
- [OOO Demag MHPS Rus](https://endata.com/companies/33506.md) (target)

## Sources

- [konecranes.com](https://www.konecranes.com/ru-ru/press-releases/okonchanie-reorganizacii-i-obedineniya-kompaniy-demag-i-konecranes), 2018-08-02: "Demag, а также ее российская дочерняя компания ООО «ДЕМАГ ЭМЭЙЧПИЭС Рус» теперь стали частью корпорации Konecranes."

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