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The combined Konecranes/Demag team signed a three-year service and maintenance contract for ArcelorMittal Saldanha Steel Mill in South Africa.
Konecranes finalized its worldwide acquisition of Terex MHPS, which includes Demag Cranes, Hoists, Material Handling and Ports Solutions. The combined entity will share technology and target synergies of EUR 140 million per year within three years.