Two crane giants join forces

2nd Quarter 2017 News & events

Following the finalisation of the Konecranes worldwide acquisition of Terex MHPS, the two global crane brands will be sharing their considerable combined knowledge and technology, becoming a substantial force in the lifting business in sub-Saharan Africa. The acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market. The company will achieve substantial growth opportunities in the service business, which is already a stronghold in southern Africa. In South Africa the merger also extends to the Wolff Cranes brand which was acquired by Demag in the late 1980s. In terms of the port material segment, it includes handling technology with a broad range of manual, semi-automated solutions under the Gottwald and Noell brands.

Knut Stewen, Konecranes managing director southern African countries and vice president head of region Africa, said: “We are extremely proud to combine forces with Demag. We want to provide a home for Demag and Port Solutions, from which these businesses can grow and become stronger as part of our joint organisation. The acquisition makes it possible for us to realise a long list of synergies between our two companies.” In a first joint team effort, the Demag/Konecranes team signed a three year service and maintenance contract for Arcellor Mittal’s Saldanha steel mill which will require a supervisor and four technical teams on site.

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