# Konecranes to divest MHE-Demag Industrial Products business to Jebsen & Jessen Group

Konecranes will sell the Industrial Products business of MHE-Demag to Jebsen & Jessen Group. The deal is expected to close in April 2023, and about 300 employees will transfer.

- Type: Acquisition
- Announced: 2023-02-20
- Where: Singapore, Singapore
- Jobs: 300
- Status: announced
- Products: dock levellers, door systems, car park systems, building maintenance units, boom lifts, aerial work platforms, warehouse trucks, lift systems
- 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) (partner)
- [MHE-Demag](https://endata.com/companies/16426.md) (target)
- [Jebsen & Jessen](https://endata.com/companies/16503.md) (acquirer)

## Sources

- [konecranes.com](https://www.konecranes.com/en-us/press-releases/konecranes-to-divest-mhe-demag-industrial-products-business-to-jebsen-jessen-group), 2023-02-20: "The divestment of our IPD business back to Jebsen & Jessen will allow Konecranes to fully focus on growth in our core businesses in the region."
- [moveitmagazine.com](https://moveitmagazine.com/2023/02/20/konecranes-to-sell-mhe-demags-industrial-products-business-to-jebsen-jessen-group/), 2023-02-20: "The divestment of our IPD business back to Jebsen & Jessen will allow Konecranes to fully focus on growth in our core businesses in the region."
- [dailybulletin.com.au](https://www.dailybulletin.com.au/business/news-from-asia/72030-jebsen-jessen-acquires-industrial-products-business-from-konecranes), 2023-02-22: "We are excited to welcome the 300-people-strong MHE-Demag Industrial Products (IPD) team to the Jebsen & Jessen Group."
- [findadistributor.com](https://www.findadistributor.com/news/mhe-demag-division-divested/), 2023-03-23: "The divestment of our IPD business back to Jebsen & Jessen will allow Konecranes to fully focus on growth in our core businesses in the region and leverage the earlier acquisition of full ownership in MHE-Demag."

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