Konecranes benefits from Terex MHPS acquisition in interim results

Konecranes exceeded growth expectations in the first half of 2017 as orders received shot up by 68.4% to US$1.77bn.

This was largely due to the acquisition of Terex’s Material Handling and Port Solutions (MHPS) for US$915m and US$22.8m in Konecrane shares.

Elsewhere orders booked rose by 53.9% to US$1.87bn and sales grew by 49.9% to US$1.72bn.