Two Crane Giants Join Forces

Following the finalisation of the Konecranes’ worldwide acquisition of Terex MHPS, which in effect is Demag Cranes, Hoists, Material Handling and Ports Solutions, the two global crane brands will be sharing their considerable combined knowledge and technology, becoming a substantial force in the lifting business in sub-Saharan Africa. The acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market. Konecranes will achieve substantial growth opportunities in the service business which is already a stronghold of the company in Southern Africa. Konecranes has a long history of conducting routine service inspections, repairs and refurbishment of Demag cranes.