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ALE’s AL.SK350 super heavy lift crane.


heavy lift business to have a large research and development (R&D) division completely separate to its operational activities. The company explained: “This allows our R&D team to focus on long-term development of ground- breaking and industry-leading solutions and new equipment. It is what we do better than anybody else; our track record proves it. This allows us to deliver innovation tailored to our customers’ needs.” There has also been merger


and acquisition activity on the manufacturing side during the last 12 months. In December,


Konecranes said that it will acquire Jebsen & Jessen’s shares in the MHE-Demag joint venture for approximately EUR147million (USD163 million). As a result of the transaction, MHE-Demag, a supplier of industrial cranes and services in Southeast Asia, will be wholly owned by Konecranes.


Product line sales Earlier in the year, Terex sold several product lines. The company’s boom truck, truck crane and crossover ranges were acquired by Load King – a subsidiary of Custom Truck One Source. Speaking at the time,


This [a separate division] allows our R&D team to focus on long-term development of ground- breaking and industry-leading solutions and new equipment.


www.heavyliftpfi.com


–Mammoet January/February 2020 131


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