cranes & access Kran & Bühne Vertikal Days
Afi Resale
CPSLift
Bravi Platforms
JLG
Planet Platforms
inspHire
New 18.40 RXJ True Hybrid Compact
MCS Rental Software
KATO
Jekko
JMS Plant Hire
A-Plant
Height for Hire
Vertikal.net > News > Story
E-mail this page to a colleague Print this page
Collett & Sons Ltd

Konecranes completes Terex Port/Material handling deal

5. January 2017 | Comments (0)

Terex has completed the sale of its Material Handling and Port Solutions business to Konecranes

The deal was worth $1.3 billion for the business, made up of $820 million in cash ($595 million and €200 million) along with a 25 percent stake in the expanded Konecranes business, through the issue of 19.6 million new shares.

Terex chief executive John Garrison said: “We believe that the Konecranes-MHPS combination represents compelling industrial logic that will deliver significant value to Konecranes customers, team members and shareholders, including Terex.”

“The sale of our MHPS business is a major milestone on our journey to become a more focused, high performance enterprise. We are committed to delivering improved profitability and return on capital across Terex as we implement our strategy of focus, simplify, and execute to win. Also, we will move forward over the coming weeks with our planned debt reduction, significantly reducing our interest expense and leverage as we enter 2017.”
Altec Worldwide

Comments

Register today in order to add your own comment, it barely takes a minute. Click here to register

There are no comments.

LATEST NEWS

MOST WIDELY READ NEWS

WORLD TIME

Access Platforms
Planet Cranes
Liebherr UK Training
Access Link
Lifterz Teupen
Vertimac
inspHire
CMC
Outrigger Pads
TVH Replacement Parts
AB 2000 Glasgow Plant and Crane Hire Specialists
niftylift
Haulotte
CTE
AmerParts
Lifterz

Click here to order your free access catalogue

Top Service Ltd - Specialist Credit Reference Agent

News Now

Mobile Website© 2001-2017 Vertikal Press Website developed by zephir.ch
Holland Lift / Hovago
Weiter ...