Tadano to buy Demag for a value of $215 million

Terex Corporation announced the sell of its Demag Mobile Cranes business to Tadano Ltd for a value of approximately $215 million. Included in the transaction are the manufacturing facilities in Zweibrucken, Germany and multiple sales and service locations.

Commenting on the rationale of the deal, Koichi Tadano, Tadano Ltd. Representative Director, President and CEO said: “This is a strategic acquisition that offers Tadano considerable scope for growth. The addition of the well-respected Demag brand of all terrain cranes and large crawler cranes range extends our product lines and options for customers. The addition of the Demag branded mobile crane product lines will enhance our global position in this segment. We believe that the Zweibrucken facilities and its global team members, as well as the current distribution partners, are valuable to the future success of the business.”

John L. Garrison, Terex Chairman and CEO added: “In addition to selling the Demag Mobile Cranes business, Terex will exit the North American mobile crane product lines manufactured in our Oklahoma City facility. These changes will simplify our Oklahoma City operation, which will continue to produce telehendlers and re-manufactured units for our Aerial Work Platforms segment and various products for our Materials Processing segment.”

Terex will continue to manufacture rough terrain cranes in Crespellano, Italy, tower cranes in Fontanafredda, Italy, pick and carry cranes in Brisbane, Australia and Terex Utilities products at its Watertown, South Dakota facilities.

The sale, subject to government regulatory approvals and there customary closing conditions, is expected to close in mid-2019.

7 new Liebherr cranes for Gruas Aguilar

The Spanish rental company Grues Aguilar, based in Madrid, announced the acquisition of seven new mobile and crawler cranes. The purchase includes one LTC 1050-3.1 compact crane, one LTR 1100-2.1 rough-terrain crane, two LTM 1130-5.1 mobile cranes, one LTM 1230-5.1, one LTM 11200-9.1 as well as one LR 1600/2-W narrow track crawler crane.

Among these machines, the LTM 11200-9.1, with nine axle lines, a 1200t maximum capacity and a 188m maximum height, is the biggest telescopic crane sold in Spain since 2009. These new machines will enhance their fleet which includes fifty mobile cranes with lifting capacities between 40 and 1200t.

Photo from left to right: Tobias Böhler (Liebherr Ibérica), Luis Aguilar (Gruas Aguilar), Alvaro Hueso (Liebherr Ibérica)

Terex appoints new Director customer support for mobile cranes

Guntram Jakobs has been appointed Director Customer Support of Terex Cranes for Mobile Cranes in Europe, Middle East, Africa and Russia (EMEAR). This recruitment is a part of the global “Execute-to-Win” strategy put in place by the group and with which Terex Cranes aims to regain its position as leader. Terex Cranes has defined customer focus as an essential part of this strategic orientation where service is of central importance. Guntram Jakobs has been part of the company for several years in various customer support positions in both Europe and the USA and he most recently held a position in global product marketing for crawler cranes.