Terex sells Demag to Tadano

Terex Corporation has agreed to sell its Demag mobile cranes business to Tadano for approximately US$215 million.

Demag CC 3800-1 (002)
The 650 tonne capacity Demag CC 3800-1 lattice crawler crane

The deal, which is subject to regulatory approvals, covers all terrain cranes and large crawler cranes and includes the factory in Zweibrücken, Germany, as well as multiple sales and service locations. The sale is targeted to close in mid-2019. Continue reading “Terex sells Demag to Tadano”