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Zoomlion News and New Products

ConExpo 2020 Provides the Backdrop for New Crane Intros

Rough-terrain crane buyers are on the hunt for bigger machines, in the 100-ton and 120-ton classes specifically. Crane manufacturers serving the North American market heard their customers loud and clear, and took advantage of ConExpo 2020 to unveil new models....

Registrations Exceed Expectations for bauma CONEXPO INDIA

The construction machinery market in India is booming. Infrastructure and construction projects are benefiting from long-term support thanks to reforms passed by the Indian government. These are positive signs that are also reflected in the number of companies signing up for the next bauma CONEXPO INDIA....

Zoomlion Drops Bid for Terex

HONG KONG (AP) — Chinese heavy equipment maker Zoomlion says it's abandoning its takeover bid for U.S. crane maker Terex because it failed to reach a deal after months of talks. Zoomlion, which made its unsolicited offer in late January, said in a filing Friday to the Hong Kong stock exchange that "no agreement can be made on the crucial terms" so it decided to "terminate" its offer....

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....

Record Zoomlion Q1 Loss Could Jeopardize Terex Deal

Retuers is reporting a record quarterly loss for China's Zoomlion Heavy Industry Science and Technology Co has raised questions over the indebted company's ability to finance its $3.4 billion bid for U.S....

Terex Gives Zoomliom Another Look

Businesswire is reporting that Terex Corporation has announced that it has received a revised non-binding proposal from Zoomlion Heavy Industry Science and Technology Co. to acquire all of the outstanding shares of Terex for $31.00 per share in cash....

Zoomlion Ups Offer for Terex

Reuters is reporting that China's Zoomlion Heavy Industry Science & Technology Co Ltd (000157.SZ) has raised its bid for U.S. crane maker Terex Corp (TEX.N), according to people familiar with the matter, as it challenges Terex's merger with Finland's Konecranes (KCR1V.HE)....

More Lawmakers Express Concern Over Terex Bid

The website Dealstreetasia is reporting that three U.S. lawmakers are urging the U.S. Treasury Department to conduct a rigorous national security review of any deal that China's Zoomlion makes to buy U.S....

Terex Signals It May Sell if Price is Right

Reuters is reporting that U.S. crane maker Terex Corp has told Chinese peer Zoomlion to sweeten its $3.3 billion offer in order for it to abandon its merger agreement with Finland's Konecranes , according to people familiar with the matter....

Terex Rebuffs Zoomlion Takeover

Bloomberg Business is reporting that Terex received an unsolicited takeover bid from China's Zoomlion Heavy Industry Science & Technology Co. Tuesday from the Westport, Connecticut-based company. That values Terex at about $3.3 billion, data compiled by Bloomberg show....



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