Demag Cranes & Components
| Demag Cranes & Components GmbH
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|---|---|
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| legal form | GmbH |
| founding | 1819 |
| Seat | Dusseldorf , Germany |
| management |
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| Number of employees | 5711 (September 2010) |
| sales | 931.3 million euros (2009/10) |
| Branch | mechanical engineering |
| Website | www.demagcranes.de |
The Demag Cranes & Components GmbH is a manufacturer of industrial cranes and crane components, harbor cranes and port automation technology with headquarters in Dusseldorf of at Konecranes belongs. It is the successor company to Demag Cranes AG, which was listed at the time .
Demag Cranes & Components produces in 16 countries and operates a comprehensive global sales and service network through subsidiaries, agencies and a joint venture . With a presence in over 60 countries, customers in more than 100 countries can be reached. The Demag Cranes AG in 2011 was part of the US Terex -Konzerns. In 2014, their former subsidiaries, in particular those of Demag Cranes & Components GmbH and Gottwald Port Technology GmbH , merged to form Terex MHPS GmbH . The products and systems are marked with "Demag" and "Gottwald".
history
The company emerged in 2006 from the merger of Demag Cranes & Components and Gottwald Port Technology , which were previously separately managed subsidiaries of Demag Holding .
In 1819 Demag Cranes & Components was founded under the name Mechanische Werkstätten Harkort & Co. in Wetter an der Ruhr . The successor company to the Mechanische Werkstätten Harkort was merged into the Deutsche Maschinenbau-Aktiengesellschaft (Demag) in 1910 .
The forerunner of today's Gottwald Port Technology was founded in 1906 under the name Maschinenfabrik Ernst Halbach AG in Düsseldorf. The machine factory, now trading as Leo Gottwald KG , was taken over in 1988 by Demag, which is now part of the Mannesmann Group.
When the Mannesmann Group was reorganized in 1992, Mannesmann Demag Fördertechnik AG was founded with its headquarters in Wetter. This took over the mobile crane division in 1996 and was renamed Mannesmann Dematic AG in 1997 . When the Mannesmann Group was broken up as part of the takeover by Vodafone in 2000, Demag Holding, which u. a. also included the crane activities to Siemens AG . A year later, Siemens sold Demag to the US financial investor KKR (Kohlberg, Kravis, Roberts); However, this did not affect the automotive and mobile crane division, which Siemens sold in 2002 to the US construction machinery manufacturer Terex . The Demag Cranes AG was demerged in 2006 by KKR from Demag Holding and brought 2006 stock market on 23 June. After that, the majority of the company was initially in free float and was part of the MDAX .
In May 2010 the Swedish investor cevian Capital took a 10% stake and became the largest single shareholder; this triggered a phase of intense takeover speculation. On October 8, 2010, Demag Cranes finally announced that it had been contacted by foreign companies, but saw no need for discussion in this regard. On the same day, the Finnish competitor Konecranes confirmed that Demag Cranes had refused an offer to talk.
On May 2, 2011, the US company Terex finally submitted a takeover offer of EUR 41.75 per share, which was raised to EUR 45.50 on June 16, 2011. On July 5, 2011, the takeover offer achieved an acceptance rate of over 71%. In January 2014, Terex finally completed a squeeze-out ; thus the company was taken off the stock exchange.
On May 16, 2016 it was announced that the Terex MHPS is to be sold to the Finnish company Konecranes for 1.13 billion euros after a previous merger between Terex and Konecranes had failed. After the takeover by Konecranes , the company was renamed Demag Cranes & Components GmbH again.
Business areas
Demag Cranes & Components is a manufacturer of industrial cranes and crane components, port cranes and technologies for port automation and has a wide range of products and services for solving material flow, logistics and drive tasks for companies of all sizes. The group primarily serves the premium segment with its products.
With Demag (industrial cranes and crane components) and Gottwald (harbor cranes and technologies for port automation), the group has strong brands that are steeped in tradition.
Material Handling division
With industrial cranes and crane components, Demag is one of the world's leading providers of crane technology. The company's core competencies are the development, construction and manufacture of technically sophisticated cranes, hoists and components as well as the provision of services for these products. The division produces in 16 countries on five continents. With a presence in over 60 countries, customers in more than 100 countries are reached.
Port Solutions division
Terex Port Solutions is part of the Material Handling & Port Solutions business segment of Terex Corporation , which serves customers in the port sector from a single source by combining machines, software and services from the Terex and Terex Gottwald brands . From quay cranes to reach stackers and integrated systems for automated container handling and bulk handling, Terex Port Solutions offers solutions for the fast and safe handling of all goods.
In January 2017, Terex Material Handling & Port Solutions was bought by Konecranes .
See also
Web links
Individual evidence
- ↑ a b Demag Cranes AG: Annual Report 2010. (PDF) (No longer available online.) December 7, 2010, archived from the original on December 26, 2011 ; Retrieved April 4, 2011 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Terex MHPS. In: www.terexmhps.com. Retrieved July 27, 2016 .
- ↑ Deutsche Börse AG: Introduction of Demag Cranes on June 23, 2006. (No longer available online.) June 22, 2006, formerly in the original ; Retrieved April 4, 2011 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Demag Cranes comments on the latest media reports
- ↑ Konecranes confirms preliminary approach to Demag Cranes regarding potential strategic options
- ↑ Demag Cranes confirms receipt of the announcement of a public takeover offer. May 2, 2010; Archived from the original on May 10, 2010 ; Retrieved July 20, 2010 .
- ↑ Demag Cranes welcomes the announced improvement of the offer conditions by Terex. June 11, 2010, accessed May 16, 2016 .
- ↑ Demag Cranes: Takeover offer from Terex reaches acceptance rate of 71.79 percent ( Memento of the original dated February 2, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. July 5, 2011, accessed July 20, 2011.
- ↑ Demag Cranes disappears from the stock exchange. RP-online, January 24, 2014, accessed January 28, 2014 .
- ↑ Konecranes acquires Terex's Material Handling & Port Solutions business to create a focused global leader in Industrial Lifting & Port Solutions ( Memento from May 16, 2016 in the Internet Archive )
- ↑ Palfinger competitors join forces
- ^ Demag - A Terex Brand, Germany. In: www.demagcranes.de. Retrieved July 27, 2016 .
- ↑ Home - Terex Port Solutions - TPS - Terex Port Solutions. In: www.terexportsolutions.com. Retrieved July 27, 2016 .
- ↑ MHPS acquisition. In: www.konecranes.com. Retrieved October 26, 2018 .
