Japanese stamp on the German crane manufacturer
Tadano Ltd. has completed acquisition of Terex Corporation’s Demag Mobile Cranes
Japanese crane maker Tadano Lts has completed the purchase of Terex Corporation’s Demag Mobile Cranes for $215 million.
“This purchase is a vital step toward achieving our goal to expand penetration into many markets throughout the world by adding lattice boom crawler cranes to our overall product line, and enhances the capacity range of our all terrain cranes” commented Koichi Tadano, president & CEO.
Demag mobile cranes legal business name will be changed to Tadano Demag GmbH and it will be headed-up by Jens Ennen, who has been named as CEO and had joined Tadano in April 2019, having previously worked at Manitowoc where he was responsible for international development; worldwide product line management for all terrain and truck cranes and was senior vice president for mobile cranes in Europe and Africa.
The acquisition adds eight lattice boom crawler crane models, with lift capacities from 400 to 3,200 tonnes, to Tadano’s product range; Demag’s 15 all terrain crane models increase its maximum AT lift capacity to 1,200 tonnes. Tadano’s total lifting equipment line now comprises 80 models, including rough terrain cranes, all terrains, lattice and telescopic boom crawlers and truck cranes.