# 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.

- Type: Acquisition
- Announced: 2022-12-14
- Where: Westport, Connecticut and Hyvinkää, Finland, Finland
- Value: $10.0B
- Status: announced
- Products: cranes, port equipment, industrial equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md) (target)
- [Terex Corporation](https://endata.com/companies/15079.md) (acquirer)

## Sources

- [simscrane.com](https://simscrane.com/10-billion-merger-to-combine-two-crane-manufacturers/), 2022-12-14: "Terex Corp. and Konecranes Plc announced this morning that their board of directors have unanimously approved a definitive business combination"

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