Terex Corp. completed the sale of its Material Handling and Port Solutions business to Konecranes Plc for $595 million and €200 million in cash, and a million newly issued class B shares representing a 25 percent interest in Konecranes. “We believe that the Konecranes-MHPS combination represents compelling industrial logic that will deliver significant value to Konecranes customers, team members and…
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Terex to Merge with Konecranes
Terex Corp. and Konecranes Plc jointly announced that their respective boards of directors have unanimously approved a definitive business combination agreement and the resulting all-stock merger of equals.
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