Konecranes’ acquisition of Terex’s MHPS progresses

Konecranes’ shareholders have approved all proposals of the board of directors and made the necessary decisions to complete the acquisition of Terex’s material handling and port solutions (MHPS) segment.

In an extraordinary general meeting (EGM) held on September 15, 2016, the shareholders approved a series of amendments to the deal including the creation of a new class of B shares to be issued to Terex in relation to the completion of the acquisition.

The new shares have the same financial right of Konecranes’ ordinary shares, but are subject to voting and transfer restrictions.