Tadano completes Demag deal

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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 … Read more

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, … Read more

Tadano ties up with India’s Escorts to manufacture high capacity cranes

Image: Autos Components India Japan’s Tadano Ltd entered a joint venture with India’s leading engineering conglomerate, Escorts Ltd in August 2018 to manufacture high capacity mobiles cranes in India. The former holds 51% stake while the latter holds 49%. The joint venture will be having an initial investment of 60 crore (est. USD 8.5 million) … Read more