Tag: Konecrane

Finnish Konecranes bought remaining 50% stake in MHE-Demag South East Asia

Finnish industrial crane maker Konecranes has agreed to buy the outstanding 50% stake in its MHE-Demag joint venture in Southeast Asia from partner Jebsen & Jessen for 147 million euros on 5th December 2019. MHE-Demag, which has 1,800 employees, operates in Australia, Indonesia, Malaysia, Singapore, the Philippines, Taiwan, Thailand and Vietnam. According to Reuters, Konecranes…