M&A Deal Summary

Terex Acquires Demag Cranes AG

On June 16, 2011, Terex acquired machinery company Demag Cranes AG for 1.4B USD

Acquisition Highlights
  • This is Terex’s 10th transaction in the Machinery sector.
  • This is Terex’s largest (disclosed) transaction.
  • This is Terex’s 3rd transaction in Germany.

M&A Deal Summary
Date 2011-06-16
Target Demag Cranes AG
Sector Machinery
Buyer(s) Terex
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

Demag Cranes AG

Dusseldorf, Germany
website
Demag Cranes AG, 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 the Terex® and Terex® Gottwald brands.

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Buyer(S) 1

Buyer

Terex

Norwalk, Connecticut, United States

website

Category Company
Founded 1986
Sector Machinery
Employees8,200
Revenue 4.4B USD (2022)
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 13 of 21
Sector (Machinery) 10 of 16
Type (Add-on Acquisition) 10 of 15
Country (Germany) 3 of 3
Year (2011) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-19 Terex Corp - Mining Equipment Business

United States

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-10 Woodsman

Farwell, Michigan, United States

Woodsman is a manufacturer of wood processing equipment.

Buy -
Mergr

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