M&A Deal Summary

Tadano Acquires Terex - Mobile Cranes Business

On February 22, 2019, Tadano acquired machinery company Terex - Mobile Cranes Business from Terex for 215M USD

Acquisition Highlights
  • This is Tadano’s 2nd transaction in the Machinery sector.
  • This is Tadano’s 2nd largest (disclosed) transaction.
  • This is Tadano’s 2nd transaction in the United States.
  • This is Tadano’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-02-22
Target Terex - Mobile Cranes Business
Sector Machinery
Buyer(s) Tadano
Sellers(s) Terex
Deal Type Divestiture
Deal Value 215M USD

Target

Terex - Mobile Cranes Business

Westport, Connecticut, United States
Terex Corp. - Mobile Cranes Business manufactures and sells all terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrucken, Germany and multiple sales and service locations.

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Buyer(S) 1

Buyer

Tadano

Takamatsu , Japan
Category Company
Founded 1919
Sector Machinery
Employees4,686
Revenue 280.3B JPY (2023)
DESCRIPTION

Tadano is a manufacturers of telescopic boom wheel-mounted cranes. Tadano was founded in 1919 and is based in Takamatsu, Japan.

DEAL STATS #
Overall 2 of 4
Sector (Machinery) 2 of 4
Type (Divestiture) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-22 SpanDeck

Franklin, Tennessee, United States

SpanDeck, Inc. is a manufacturer of telescopic boom crawler cranes under the “Mantis” brand name.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 Manitex International

Bridgeview, Illinois, United States

Manitex International provides engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles, container handling equipment and specialized engineered trailers. Manitex International was founded in 1993 and is based in Bridgeview, Illinois.

Buy $223M

Seller(S) 1

SELLER

Terex

Norwalk, Connecticut, United States
Category Company
Founded 1933
Sector Machinery
Employees10,200
Revenue 5.2B USD (2023)
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 founded in 1933 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 8 of 8
Sector (Machinery) 6 of 6
Type (Divestiture) 7 of 7
State (Connecticut) 3 of 3
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 ASV Holdings

Grand Rapids, Minnesota, United States

ASV Holdings is a manufacturer of compact rubber track loaders and related accessories, undercarriages and traction products. ASV Holdings was formed in 1983 and is based in Grand Rapids, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Viatec

Greenville, South Carolina, United States

Viatec is a manufacturer of plug-and-play electronic power take-off systems that support the electrification of utility fleets. Viatec has developed, patented, and commercialized technology that is becoming recognized as the next industry standard in the vocational vehicle sector for auxiliary power. Viatec was founded in 2015 and is based in Greenville, South Carolina.

Buy -
Mergr

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