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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Jebsen & Jessen Group acquires majority stake in Safetech Australia · Endata

◂ Announcements

Mar 1, 2024ACQUISITIONAustralia

Jebsen & Jessen Group acquires majority stake in Safetech Australia

Jebsen & Jessen Group has signed a strategic partnership to acquire a majority stake in Safetech, an Australian dock products and lifting solutions company. The deal is expected to be completed on 28 March 2024.

Status

Announced

Productsdock productslifting solutions

CompaniesJebsen & Jessen acquirer Safetech target GMA Garnet Group target

Sectors#Material Handling

“This strategic partnership expands the Group's product portfolio and service network, strengthening its market presence in Australia.”mhe.jj-group.com

2 sources
mhe.jj-group.comJebsen & Jessen Group acquires majority stake in Safetech, Australia’s premier dock products and lifting solutions company - MHEMHE-DemagMar 4, 2024
the-mackerel.jjsea.comVenturing Down UnderJun 30, 2024

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

More from Jebsen & Jessen

Feb 20, 2023ACQUISITIONSingapore, Singapore300 jobs
Konecranes to divest MHE-Demag Industrial Products business to Jebsen & Jessen Group
Konecranes Konecranes partner konecranes.com moveitmagazine.com dailybulletin.com.au
Dec 9, 2021ACQUISITION$164.0M
Konecranes and Cargotec agree to divest Konecranes Lift Trucks and Kalmar Automation Solutions
Konecranes Konecranes acquirer worldcargonews.com rajahtannasia.com
May 29, 2020ACQUISITIONFinland$163.0M
Konecranes buys remaining 50% stake in MHE-Demag South East Asia for €147M
Konecranes Konecranes acquirer scandasia.com konecranes.com
Feb 26, 2020ACQUISITIONSingapore$160.0M
Konecranes acquires full ownership of MHE-Demag in Southeast Asia
Konecranes acquirer MHE-Demag target hoistmagazine.com
Dec 5, 2019ACQUISITIONSoutheast Asia, Singapore$163.0M1,800 jobs
Konecranes to acquire full ownership of MHE-Demag
Konecranes acquirer MHE-Demag target konecranes.com heavyliftpfi.com cbinsights.com
Jan 19, 2018PARTNERSHIPGreater China, China
Jebsen & Jessen and Jebsen Group form joint venture in Greater China
Jebsen Group partner Jebsen & Jessen partner pcimag.com

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