Konecranes and Terex merger abandoned

Mike Hayes

16 May 2016

Konecranes Oyj and Terex Corp have mutually terminated their plans for a merger.

The announcement, made by Terex Corp, clears the path for Chinese manufacturer Zoomlion Heavy Industry Science and Technology to move forward with its plans to buy the US crane manufacturer.

Along with the termination of the merger,…

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