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19 February 2020 The on-line newspaper devoted to the world of transports 18:12 GMT+1



December 9, 2019

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Original news
Konecranes will acquire the entire control of the MHE-Demag

It will find 50% of the vital one from the German Jebsen & Jessen

The Finnish means producer of raising and Konecranes handling has signed an agreement in order to acquire the entire control of the MHE-Demag, company with center to Singapore that work in the same field serving the area of the Asian south-east. The understanding will be put into effect finding from the German Jebsen & Jessen 50% of the capital of the company while remaining 50% are stopped by the Konecranes through own German brand Demag Cranes and Components GmbH.

Konecranes has specified that the acquisition will increase of +30% the sales of the group in the region of Asia and the Pacific, increasing of 150-180 million euros the turnover, and that the operation will beginning from allow synergies with savings pairs with about 10 million euros 2022. According to the forecasts, the transaction will be capacity to term next 2 January.



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