Konecranes acquires full ownership of MHE-Demag in Southeast Asia

Konecranes signed an agreement to acquire the 50% stake held by Jebsen & Jessen in its MHE-Demag joint venture for approximately €147 million, gaining full ownership of the industrial crane and service provider in Southeast Asia.

“This acquisition underlines our intent to pursue profitable growth, and meaningfully expands our footprint in a strategically important region with several fast-growing markets.”hoistmagazine.com

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• hoistmagazine.comKonecranes takes full ownership of MHE-Demag in Southeast Asia - HoistAshaFeb 26, 2020

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