M&A Deal Summary

Konecranes Oyj Acquires Terex Corp - Material Handling & Port Solutions Business

On May 16, 2016, Konecranes Oyj acquired machinery company Terex Corp - Material Handling & Port Solutions Business from Terex Corp. for 1.1B EUR

Acquisition Highlights
  • This is Konecranes Oyj’s 11th transaction in the Machinery sector.
  • This is Konecranes Oyj’s 1st largest (disclosed) transaction.
  • This is Konecranes Oyj’s 7th transaction in the United States.
  • This is Konecranes Oyj’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-05-16
Target Terex Corp - Material Handling & Port Solutions Business
Sector Machinery
Buyer(s) Konecranes Oyj
Sellers(s) Terex Corp.
Deal Type Divestiture
Deal Value 1.1B EUR

Target

Terex Corp - Material Handling & Port Solutions Business

Westport, Connecticut, United States
Terex Corp - Material Handling & Port Solutions Business is a supplier of industrial cranes, crane components and services under the Demag brand, as well as port technology with a broad range of manual, semi-automated and automated solutions under several brands such as Gottwald.

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Buyer(S) 1

Buyer

Konecranes Oyj

Hyvinkaa, Finland

website


Category Company
Founded 1910
SectorEngineering
Employees16,281
Revenue 3.2B EUR (2021)
DESCRIPTION

Konecranes is an engineering group specialising in advanced overhead lifting solutions and maintenance services. The company's customers span virtually every industry and its products are used in harbours around the globe. Konecranes was founded in 1910 and is based in Hyvinkaa, Finland.


DEAL STATS #
Overall 19 of 20
Sector (Machinery) 11 of 12
Type (Divestiture) 2 of 3
State (Connecticut) 1 of 2
Country (United States) 7 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 Ameratronic Industries, Inc.

Portage, Indiana, United States

Ameratronic Industries, Inc. is a provider of crane and hoist service to process duty customers

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 STAHL CraneSystems GmbH

Kunzelsau, Germany

STAHL CraneSystems GmbH is a provider of comprehensive range of products for lifting technology in the world.

Sell €224M

Seller(S) 1

SELLER

Terex Corp.

Norwalk, Connecticut, United States

website


Category Company
Founded 1986
SectorMachinery
Employees8,200
Revenue 3.1B USD (2020)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was formed in 1925 and is based in Westport, Connecticut. Terex was founded in 1986 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 5 of 8
Sector (Machinery) 3 of 6
Type (Divestiture) 5 of 7
State (Connecticut) 1 of 3
Country (United States) 4 of 7
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Continental Biomass Industries, Inc.

Newton, New Hampshire, United States

Continental Biomass Industries, Inc. is a custom and specialty wood processing equipment for the global market. CBI has designed and installed hundreds of purpose-built stationary and track driven machines and systems for customers all over the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Platform Service & Repair Ltd.

Shropshire, United Kingdom

Platform Service & Repair Ltd. is a provider of service, maintenance and technical support for powered access platforms.

Buy -