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Terex Corp.

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Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies

04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced. 

With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017

22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp. 

Konecranes Says Its Hoist Business Can Stand on Its Own Financially

24 August 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.

Regulators OK Sale of Terex Material Handling Division

09 August 2016 - European and U.S. regulators have approved the proposed sale of Terex Corp.’s material handling and port solutions business to Finland’s Konecranes, the companies have announced.

Terex Cancels Merger With Konecranes, But Strikes a Different Deal

16 May 2016 - U.S.-based Terex Corp. has halted its planned merger with Finland’s Konecranes Oyj, but will instead sell its materials handling and port solutions business to Konecranes in a deal valued at approximately US$1.28 billion, according to reports.

Leader Named for Worldwide Activities of Terex Material Handling

26 March 2015 - With effect from 16 March 2015, Susanna Schneeberger leads the Terex Material Handling business group.

Terex Material Handling Unveils Innovative Demag Crane Design

27 February 2015 - Terex Material Handling has launched the Demag V-type crane design, a revolutionary crane that sets a new industry standard and weighs up to 17% less than comparable box-section profile girders.

Demag StatusControl Provides Crane Analysis in Real Time

10 February 2015 - Terex Material Handling has launched a new diagnostics system for crane installations with Demag StatusControl, providing a full overview of the status of your crane installations at all times.

Demag Service Training Center Helps Create Safety

30 September 2014 - The extensively refurbished Demag training center in Wetter/Ruhr, Germany, was officially opened as part of an exclusive customer event.

Terex to Relocate Demag Overhead Crane Manufacturing to Oklahoma City

21 July 2014 - Terex Corp. announced it will relocate production of its overhead cranes from its current Houston location to a newly upgraded Oklahoma City facility (OKC).

Demag Pilot Project Makes for Efficient Sheet Metal Working for Chinese Manufacturer

14 July 2014 - The installation of a fully automated plate metal processing facility has enabled a Chinese manufacturer of mining equipment to increase productivity in its production facility by 40%. Demag process crane engineering in the pilot installation provides for the precise storage and retrieval of plate metal and services the cutters as required in 24/7 operation.