◂ Announcements

Dec 14, 2022ACQUISITIONWestport, Connecticut and Hyvinkää, Finland, Finland

Terex and Konecranes announce $10B merger

Terex Corp. and Konecranes Plc announced a definitive business combination to merge all stock, forming Konecranes Terex Plc. Terex shareholders will own 60% and Konecranes shareholders 40% of the combined company, with estimated pro forma 2014 revenues of $10.0 billion. The transaction is expected to close in the first half of 2016.

Value

$10.0B

Status

Announced

Productscranesport equipmentindustrial equipment

CompaniesKonecranes target Terex Corporation acquirer

Sectors#Industrial Machinery #Material Handling

“Terex Corp. and Konecranes Plc announced this morning that their board of directors have unanimously approved a definitive business combination”simscrane.com

1 source
simscrane.com$10 Billion Merger to Combine Two Crane Manufacturers - Sims CraneDec 14, 2022

Summarized from public sources; check the original articles before acting on it.

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