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Demag to be sold to Konecranes Jan 2017

05/24/2016

Terex Material Handling recently issued a press release and sent a letter to its contacts with an important update on the company's future.  Terex has entered an agreement to sell its Material Handling & Port Solutions business (“MHPS”) to Konecranes.  The transaction is expected to close in January 2017.  Until then, the two will continue to operate as separate and competing companies.

More information can be found on the Terex website:

http://www.terex.com/en/investor-relations/index.htm <http://demag-us.us1.list-manage2.com/track/click?u=b4e03241d7902a9e3e179dbb3&id=414dca915b&e=c16f8ceb5d> .

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