Tadano Ltd. has announced the completition of its $215 million acquisition of the Demag Mobile Cranes business on August 1st. Demag’s mobile cranes give Tadano one of the most complete ranges of lifting equipment solutions available from a single manufacturer, expanding the product line with eight lattice boom crawler crane models with lift capacities from 400 to 3,200 t, including 15 all terrain crane models enhancing Tadano’s maximum lift capacity in-segment to 1,200 t. After this acquisition, the Tadano Group’s total lifting equipment line now includes more than 80 models, including rough terrain cranes, all terrain cranes, lattice and telescopic boom crawler cranes, truck cranes, and more.
“The Tadano Group’s strategy is to become the global leader in the lifting equipment industry and the premier choice with our customers. The Demag Mobile Cranes acquisition is one vital step toward achieving that goal,” says Koichi Tadano, president and CEO of Tadano Ltd. “It expands our penetration into many markets throughout the world, adds lattice boom crawler cranes to our overall product line, and enhances the capacity range of our all terrain cranes. By working together, we can better respond to our customers’ needs and give them greater added value than ever before.”
“Demag’s dedicated stakeholders, including customers, distributors and suppliers, among others, infuse the company with great value. As our journey with Demag begins, our most immediate goal is ensuring ‘Business as Usual’ for current Demag customers,” added Mr. Tadano. “We are committed to a seamless transition that allows these stakeholders to continue with their important business smoothly and successfully, while we continue on with the Tadano Group Vision of ‘Pursuing Further Excellence for the World and Future.’”
As a subsidiary of the Tadano Group, the Demag mobile cranes business’s legal entity name will be changed to Tadano Demag GmbH in the following weeks. Furthermore, as of August 1st Demag is now led by Jens Ennen, the new CEO of Tadano Demag GmbH.