Konecranes Oyj - Company Announcement

European Commission approves Konecranes’ proposed acquisition of Terex’s MHPS business, subject to conditions

KONECRANES PLC  STOCK EXCHANGE RELEASE  August 8, 2016 at 17:50 EET

Konecranes has today received approval from the European Commission for its
pending acquisition of Terex’s MHPS business (“MHPS Acquisition”). The approval
is conditional on a commitment by Konecranes to divest its STAHL CraneSystems
business. Furthermore, Konecranes and Terex are not allowed to close the MHPS
Acquisition until the Commission has approved the buyer(s) of the STAHL
CraneSystems business. Konecranes will immediately start the divestiture
process. In 2015, STAHL CraneSystems’ external sales totaled EUR 145 million
and the company has approximately 700 employees. 

“The divestment of STAHL CraneSystems will not affect the industrial logic
behind the MHPS Acquisition. The targeted operational synergies of EUR 140
million p.a. within three years from closing of the MHPS Acquisition remain
materially intact,” comments Konecranes President & CEO Panu Routila. 

Konecranes and Terex continue to be fully committed to the MHPS Acquisition and
are working closely with the competition authorities to obtain regulatory
approvals allowing completion of the MHPS Acquisition in early 2017 as planned. 

Konecranes’ will not provide further information regarding the financial
effects of the Stahl CraneSystems business divestment until the divestment
process so allows. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations





FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 



Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,400
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com