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M&A Deal Summary

Konecranes Acquires Terex - Material Handling and Port Solutions Business

On January 4, 2017, Konecranes acquired machinery company Terex - Material Handling and Port Solutions Business from Terex for 595M USD

Acquisition Highlights
  • This is Konecranes’ 12th transaction in the Machinery sector.
  • This is Konecranes’ 2nd largest (disclosed) transaction.
  • This is Konecranes’ 8th transaction in the United States.
  • This is Konecranes’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2017-01-04
Target Terex - Material Handling and Port Solutions Business
Sector Machinery
Buyer(s) Konecranes
Sellers(s) Terex
Deal Type Divestiture
Deal Value 595M USD

Target

Terex - Material Handling and Port Solutions Business

Westport, Connecticut, United States
Terex Corp. - Material Handling and Port Solutions Business is a provider of lifting machinery.

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Buyer(S) 1

Buyer

Konecranes

Hyvinkaa, Finland
Category Company
Founded 1910
Sector Engineering
Employees16,545
Revenue 4.2B EUR (2024)
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 20 of 20
Sector: Machinery M&A 12 of 12
Type: Divestiture M&A Deals 3 of 3
State: Connecticut M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 STAHL CraneSystems

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

Norwalk, Connecticut, United States
Category Company
Founded 1933
Sector Machinery
Employees11,400
Revenue 5.1B USD (2024)
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 6 of 9
Sector: Machinery M&A 4 of 7
Type: Divestiture M&A Deals 6 of 8
State: Connecticut M&A 2 of 4
Country: United States M&A 5 of 8
Year: 2017 M&A 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Platform Service & Repair

Shropshire, United Kingdom

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

Buy -
FOLLOWING 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 -
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