cranes & access Kran & Bühne Vertikal Days
Afi Resale
Bravi Platforms
Collett & Sons Ltd
Airo
KATO
MCS Rental Software
niftylift
CMC
Vertimac
Go-Aliant
JMS Plant Hire
Outrigger Pads
A-Plant
Vertikal.net > News > Story
E-mail this page to a colleague Print this page
Snorkel

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.”
Dino LIft

Comments

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

There are no comments.

MOST WIDELY READ NEWS

WORLD TIME

Access Platforms
Lifterz
Insphire
DingLi
TVH
Planet Platforms
AB 2000 Glasgow Plant and Crane Hire Specialists
Liebherr UK Training
CTE
CPS Lift
Height for Hire
Welton Media
Universal Equipment
JLG Ground Support
Cone Drive

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 ...