Konecranes to acquire remaining 50% of MHE-Demag from Jebsen & Jessen for $163m.

Konecranes, a Finnish overhead crane provider, agreed to acquire remaining 50% of MHE-Demag, a supplier of industrial cranes and services in Southeast Asia, from Jebsen & Jessen, a diversified industrial group, for $163m. "With the MHPS acquisition now behind us, Konecranes is ready to take the next steps on its growth path. This acquisition underlines our intent to pursue profitable growth, and meaningfully expands our footprint in a strategically important region with several fast-growing markets. The acquisition will also bring greater balance to Konecranes’ regional sales structure," Teo Ottola, Konecranes Interim CEO and CFO.