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  5. Terex Acquires Demag Cranes AG

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 3rd 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
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
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 13 of 23
Sector: Machinery M&A 10 of 17
Type: Add-on Acquisition M&A Deals 10 of 16
Country: Germany M&A 3 of 3
Year: 2011 M&A 1 of 2
Size (of disclosed) 3 of 7
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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