Tag: Merger & Acquisitions

News

Zoomlion acquires Wilbert

Chinese crane manufacturer Zoomlion has confirmed the acquisition of German tower crane company Wilbert Turmkrane. The deal was to acquire 100 per cent of the German’s company equity that was signed on 27th November 2018. Wilbert is based in Waldlaubersheim, to the west of Frankfurt, Germany, where it has a production facility, offices and warehousing

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News

Marmon Crane Services expands with acquisition of Joyce Crane

Marmon Crane Services, Inc., a Berkshire Hathaway company, announced in 10th April 2019 the acquisition of Joyce Crane. Financial terms were not disclosed. Based in Longview, Texas and with four additional locations in Texas, Arkansas, and Louisiana, Joyce Crane serves the heavy-duty lifting and rigging needs of customers including refineries, petrochemical companies, and power and

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News

Arcomet & Matebat merged under a new name – Uperio

1st April 2019 – Belgian tower crane specialist Arcomet and French tower crane rental company Matebat are finally to merge, under the new name – Uperio. Philippe Cohet the chairman of Matebat and chief executive of Arcomet, will retain his leadership role over the merged business, as well as the rest of the group. The

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News

Tadano completes Demag deal

Tadano has paid $215 million for a deal which was officially completed today, one month later than originally planned. The deal was announced in February 2019 with a completion date planned for end June. The transaction will combine two of the top four mobile crane manufacturers in the world together to create a business that

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News

Mammoet and ALE in takeover talks

Netherlands-based Mammoet Holding B.V. confirmed it is negotiating with UK-headquartered ALE in a bid to acquire it. Mammoet said talks were at an advanced stage. Should agreement be reached, approval will be sought from the relevant authorities, Mammoet continued.  Mammoet is owned by SHV, a privately held Dutch investment company. SHV was founded in 1896

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Articles

Terex sells Demag Mobile Cranes to Tadano

22 February 2019 – Terex Corporation has announced today that they have agreed to sell its Demag Mobile Cranes business to Tadano for an enterprise value of approximately US$ 215 million. The Demag Mobile Cranes business manufactures and sells all-terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrucken,

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News

Marmon acquires Australia’s WGC Crane Group

Marmon Crane Services, Inc., a Berkshire Hathaway company, announced on 1st May 2018 the acquisition of WGC Crane Group by a newly-created subsidiary, Marmon Crane Australia Pty. Ltd. Financial terms were not disclosed. Based in Wollongong, New South Wales, WGC Crane Group provides mobile crane rentals, crane operators, and related services to clients throughout NSW

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Zoomlion bids for Terex, attempt to override merger with Konecranes

What will be the final decision for Terex ? Zoomlion Heavy Industry Science & Technology Co. offered to buy US crane-maker Terex Corporation for an estimated amount of US$ 3.3 billion, an attempt to override an existing deal between Terex and Finland’s Konecranes. Zoomlion’s unsolicited offer on 26 January 2016, which sent Terex shares soaring

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