# Tadano to acquire Demag mobile crane business from Terex

Tadano has agreed to acquire Terex's Demag mobile crane business for approximately $215 million. The deal includes manufacturing facilities in Zweibrücken, Germany, and multiple sales and service locations. The transaction is expected to close mid-2019.

- Type: Acquisition
- Announced: 2019-02-23
- Where: Zweibrücken, Germany, Germany
- Value: $215.0M
- Status: announced
- Products: mobile cranes, all-terrain cranes, crawler cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Terex Corporation](https://endata.com/companies/15079.md) (partner)
- [Terex Corporation](https://endata.com/companies/15079.md) (target)
- [Tadano](https://endata.com/companies/15119.md) (acquirer)
- [Demag](https://endata.com/companies/16567.md) (target)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/32397/tadano-to-acquire-demag), 2019-02-23: "This is a strategic acquisition that offers Tadano considerable scope for growth."
- [allgemeinebauzeitung.de](https://allgemeinebauzeitung.de/uebernahmeabkommen-terex-gruppe-will-demag-an-tadano-verkaufen-28560/), 2019-03-09: "Der Verwaltungsrat von Tadano hat einem entsprechenden Abkommen mit der im US-amerikanischen Staat Connecticut basierten Terex Corporation zugestimmt."

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