HELSINKI: Finnish crane maker Konecranes is buying Terex Corp’s Material Handling & Port Solutions (MHPS) unit for 1.13 billion euros (US$1.27bil), in a move that cancels a proposed full merger and allows the US firm to talk to a rival suitor.
Konecranes and Terex agreed to an all-share merger in August 2015, hoping a deal would help them better cope with cooling Chinese and weak European demand.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
