Konecranes
| Konecranes Oyj
|
|
|---|---|
 |
|
| legal form | Osakeyhtio |
| ISIN | FI0009005870 |
| founding | 1994 |
| Seat |
Hyvinkää , Finland
|
| management |
|
| Number of employees | 15,519 (2017) |
| sales | 3.136 billion euros (2017) |
| Branch | mechanical engineering |
| Website | www.konecranes.com |
Konecranes Oyj is a listed mechanical engineering company based in Hyvinkää , Finland , that manufactures cranes , hoists and forklifts .
history
Konecranes was founded as an independent company in 1994 when it was separated from KONE .
In 2002 the Meiden Hoist System joint venture was founded with the Japanese company Meidensha .
On August 11, 2015, Konecranes announced its intention to merge with its US competitor Terex . Technically, Konecranes should take over Terex as part of a share swap (0.8 Konecranes shares per Terex share). The new company would operate as Konecranes Terex , be based in Hyvinkää , Finland , generate $ 10 billion in annual sales and employ 32,000 people. The combined company's shares should be listed on Nasdaq Helsinki and the New York Stock Exchange . Terex chief executive John L. Garrison, Jr. would lead the new company, while current Konecranes Chairman Stig Gustavson would keep his position with the new company. Terex shareholders should hold around 60 percent of the new company and Konecranes shareholders the remaining 40 percent. On 19 February 2016 Terex stopped the merger for the time being, since it is an unsolicited offer for the Chinese construction machinery manufacturer Zoomlion Heavy Industries over 3.3 billion US dollars received.
On May 16, 2016, Konecranes announced that it would abandon its merger plans with Terex and only want to buy its industrial cranes and port facilities for EUR 1.13 billion. The company plans to pay 723 million euros in cash for Terex Material Handling & Port Solutions , plus a block of shares that will give Terex a 25 percent stake in Konecranes.
Web links
Individual evidence
- ↑ Group Execeutive Board .
- ↑ a b Adjusted EBITA improved in 2017, successful year of integration , Konecranes, February 8, 2018.
- ↑ KCI Konecranes takes stake in Japanese hoist manufacturer
- ↑ Terex and Konecranes: Demag mother company merges with Finnish crane manufacturer. In: Handelsblatt . August 11, 2015, accessed August 1, 2016 .
- ↑ Konecranes and Terex to form leading global lifting and material handling solutions company through an all-stock merger of equals .
- ↑ Reuters: Terex stops Konecranes merger integration work , February 19, 2016.
- ↑ Konecranes acquires Terex's Material Handling & Port Solutions business to create a focused global leader in Industrial Lifting & Port Solutions ( Memento of the original from May 16, 2016 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. .
- ↑ Palfinger competitors join forces .
