KoneCranes merger with Terex

Overview:

• Finland-based Konecranes planned to merge with US-based Terex Corporation to form Konecranes Terex, a lifting and material handling solutions company, in what would have been an all-stock merger of equals. 
• Terex shareholders would have owed about 60% of the combined entity and Konecranes shareholders would have owned 40%.
• Terex cancelled the merger after it received an offer from Zoomlion, but Konecranes did acquire the material handling & port solutions segment of Terex. 
• As a result of this acquisition, Konecranes became a 25% shareholder in Terex. 

Rani Mehta - Journalist