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

  • Sophisticated machine telematics packages offered
    September 27, 2013
    Several of the major equipment manufacturers now offer sophisticated telematics packages fitted as standard to their machines. Caterpillar and Komatsu were amongst the leaders in this field, allowing a high level of access to a machine's systems and sub-systems for performance monitoring, maintenance management and geofencing purposes for example. To the customer this offers the chance to address fleet running costs and utilisation, reduce the risk of theft and increase overall efficiency. Customers can eve
    Read More
  • Dana strikes deal with Brevini
    November 21, 2016
    Transmission specialist Dana Incorporated has struck an agreement to purchase the power-transmission and fluid power businesses of Brevini Group. Under terms of the agreement, Dana plans to initially purchase an 80% share in the Brevini businesses, with an option to purchase the remaining 20% by 2020. Dana has valued the Brevini businesses at €325 million, including the assumption of approximately €100 million of net debt. The acquisition will expand Dana's product portfolio with adjacent technologies. I
    Read More
  • Caterpillar and Ritchie Bros announce a strategic alliance
    September 1, 2016
    Caterpillar has announced an alliance with Ritchie Bros, a global industrial auctioneer and equipment distributor, for the Canada-based company to conduct live onsite and online auctions for used Caterpillar equipment.
    Read More
  • CONTROLS has developed a new business strategy
    April 4, 2013
    With the European economy in crisis and continuing shifts in the world order, manufacturers must re-think their business strategies if they are to succeed. Seasoned survivor Pasquale di Iorio, CEO of construction testing equipment specialist CONTROLS Group shares his plans for the future - Kristina Smith met him in Italy Pasquale Di Iorio has been at the helm of construction testing equipment manufacturer CONTROLS Group since 1996. First impressions suggest that Di Iorio is a strong leader: confidently dete
    Read More

Highlighted Content