European Commission approves Konecranes’ proposed acquisition of Terex’s MHPS business, subject to conditions
Konecranes has today received approval from the European Commission for its pending acquisition of Terex’s MHPS business (“MHPS Acquisition”). The approval is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business. Furthermore, Konecranes and Terex are not allowed to close the MHPS Acquisition until the Commission has approved the buyer(s) of the STAHL CraneSystems business. Konecranes will immediately start the divestiture process. In 2015, STAHL CraneSystems’ external sales totaled EUR 145 million and the company has approximately 700 employees. “The