Category: Demag

Tadano initiates restructuring

Tadano Faun GmbH LaufCrane manufacturer Tadano Group has started a programme to restructure its Tadano Demag and Tadano Faun operations in Germany.

Consultations between Tadano Ltd, Tadano Demag, Tadano Faun and professional advisors led to the filing for Protective Shield Proceedings (Schutzschirmverfahren) in Germany. Continue reading “Tadano initiates restructuring”

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”