Terex reports positive Fourth Quarter and Full Year 2018 results

Terex Corporation has released its fourth quarter and full year 2018 results. Fourth quarter net sales grew 16% to $1.2 billion, with full year net sales up 18% to $5.1 billion compared to net sales of $4.4 billion for the full year 2017. This results include a one-time, non-cash charge of $67 million related to …

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: …