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Konecranes News and New Products

Port of Savannah's $220.5M Upgrade to Double Capacity

For many years now, Georgia's Port of Savannah (referred to as the port or Garden City Terminal — GCT) has been experiencing a massive growth in business that is seeing more ships dock to unload and receive a variety of goods....

Terex Completes Sale of MHPS to Konecranes

Terex Corporation (NYSE: TEX) today announced that it has completed the sale of its Material Handling and Port Solutions business (“MHPS”) to Konecranes Plc (Helsinki KCR1V.HE) (“Konecranes”) for $595 million and €200 million in cash and 19.6 million newly issued class B shares representing a 25% interest in Konecranes....

Konecranes Buys Terex Port/Material Handling

Konecranes is to acquire the Demag overhead and Gottwald port crane division of Terex as the two agree to end all merger talks. Terex has agreed to sell its industrial and port crane services business – largely the Demag overhead crane and Gottwald port cranes business - to Finland's Konecranes....

Terex Merges With Konecranes

NEW YORK (AP) — Crane maker Terex is merging with Finnish rival Konecranes in an all-stock deal that creates a company with a combined $10 billion in 2014 revenue. The new company will be called Konecranes Terex PLC and have "significant" headquarters in Westport, Connecticut, and Finland....

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