Tadano completes its acquisition of Demag Mobile Cranes

Tadano has announced that it has completed its acquisition of the Demag Mobile Cranes business. The Tadano Group says that its long-term goal is to become the global leader in the lifting equipment industry, with the Demag Mobile Cranes acquisition being a key step to achieving its aim. The firm says that Demag’s transition into the Tadano Group will be seamless. For the most part customers will continue to work with the same Demag sales, service and parts contacts as up until now. This change serves as
August 1, 2019 Read time: 1 min

7102 Tadano has announced that it has completed its acquisition of the Demag Mobile Cranes business. The Tadano Group says that its long-term goal is to become the global leader in the lifting equipment industry, with the Demag Mobile Cranes acquisition being a key step to achieving its aim.

The firm says that Demag’s transition into the Tadano Group will be seamless. For the most part customers will continue to work with the same Demag sales, service and parts contacts as up until now.

This change serves as an opportunity to combine the strength of the two brands to better serve the lifting business. Tadano says it will leverage synergies between Tadano, Tadano Faun (TFG), and Demag throughout the value chain, including crane design, procurement, production, and sales support.

Finance & Funding

For more information on companies in this article

Related Content

  • CNH Global alters alliance with Kobelco Construction Machinery
    January 2, 2013
    CNH Global says it’s entering the ‘next phase’ of agreements with Kobelco Construction Machinery, following an ongoing strategic review of its construction equipment business. Under the new, non-exclusive licensing and supply agreements, which took effect on January 1, 2013, CNH and Kobelco Construction Machinery are unwinding their joint ownership and equity participations in all the companies formed in connection with their previous alliance and eliminating any geographical exclusivity rights associated w
    Read More
  • Cummins reports strong Q2 results for 2022
    August 4, 2022
    Cummins is reporting strong results for the second quarter of 2022.
    Read More
  • Terex Cranes sees 10% growth in strong corporate Q2 in 2018
    August 2, 2018
    Despite global supply chain challenges, sales for Terex Cranes grew 10% to $335 million in the second quarter this year. Terex Corporation also reported an overall strong second quarter 2018 sales of US$1.4 billion, up 19% versus Q2 2017, with increased sales and backlog in all three business segments. The company said that results were driven by its ongoing corporate Execute to Win business strategy and during a period of broad-based growth. The company said that the global cranes market is generally
    Read More
  • Metso bolsters China presence through manganese steel foundry acquisition
    February 7, 2013
    Metso has increased its presence in China by acquiring a manganese steel foundry (JX) in Quzhou City, around 400km Southwest of Shanghai. "The acquisitions of JX and Shaorui Heavy Industries, and the joint venture with LiuGong Group Corporation announced last November, significantly strengthen our supply capabilities for mining and construction industries in China,” said Andrew Benko, president, mining and construction, Metso. “Metso now has a complete range of capital equipment and wear parts covering a wi
    Read More

Highlighted Content