Konecranes completes on MHE, joint-ops commence

Konecranes completed the acquisition of Jebsen & Jessen’s 50 percent stake in MHE-Demag, as announced on December 5, 2019, with combined operations having commenced last Thursday (January 2, 2020).

With the acquisition, Konecranes increases its presence and market coverage in strategically important and fast-growing Southeast Asia. In addition, the acquisition allows Konecranes to target total annual synergies of approximately EUR 10 million at the EBITA level by 2022.