Konecranes offers divestment to seal Terex MHPS takeover approval
Konecranes has offered to divest its STAHL CraneSystems business to meet the European Commission’s (EC) guidelines regarding its acquisition of Terex’s material handling and port solutions (MHPS) segment.
STAHL CraneSystems, which is headquartered in Künzelsau, Germany, is a global supplier of hoisting technology and crane components.
The divestment is meant to placate EC concerns about the supply of hoists in the European Economic Area (EEA).
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