# Konecranes buys remaining 50% stake in MHE-Demag South East Asia for €147M

Konecranes has agreed to acquire the outstanding 50% stake in its MHE-Demag joint venture in Southeast Asia from partner Jebsen & Jessen for €147 million.

- Type: Acquisition
- Announced: 2020-05-29
- Where: Finland
- Value: $163.0M (147.0M EUR)
- Status: announced
- Products: material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md)
- [Konecranes](https://endata.com/companies/511.md) (acquirer)
- [Cargotec](https://endata.com/companies/1832.md) (target)
- [MHE-Demag](https://endata.com/companies/16426.md) (target)
- [Jebsen & Jessen](https://endata.com/companies/16503.md) (partner)

## Sources

- [scandasia.com](https://scandasia.com/tag/konecrane/), 2020-05-29: "Finnish industrial crane maker Konecranes has agreed to buy the outstanding 50% stake in its MHE-Demag joint venture in Southeast Asia from partner Jebsen & Jessen for 147 million euros."
- [konecranes.com](https://www.konecranes.com/fi/press-releases/konecranes-ja-cargotec-sulautuvat-tulevasta-yhtiosta-kestavien-materiaalivirtojen-maailmanlaajuinen-johtaja), 2020-06-30: "Tuleva Yhtiö on asiakaslähtöinen kestävien materiaalivirtojen maailmanlaajuinen johtaja."

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