Tadano completed the acquisition of Demag Mobile Cranes business from Terex for $215m.

Tadano, a manufacturer of cranes and aerial work platforms, completed the acquisition of Demag Mobile Cranes business, that manufactures and sells all-terrain cranes and large crawler cranes, from Terex, a manufacturer of lifting and material handling solutions, for $215m. “This is a strategic acquisition that offers Tadano considerable scope for growth. The addition of the well-respected Demag® brand of all terrain cranes and large crawler cranes range extends our product lines and options for customers. The addition of the Demag® branded mobile crane product lines will enhance our global position in this segment. We believe that the Zweibrucken facilities and its global team members, as well as the current distribution partners, are valuable to the future success of the business,” Koichi Tadano, Tadano Representative Director, President and Chief Executive Officer.