Tadano completes acquisition of Demag Mobile Cranes

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 …

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: …