Konecranes Oyj - Company Announcement

Ministry of Commerce in China approves Konecranes’ pending acquisition of Terex’s MHPS business

KONECRANES PLC  STOCK EXCHANGE RELEASE  November 30, 2016 at 11:00 EET

Konecranes has received approval from the Ministry of Commerce, the competition
authority in China, for its pending acquisition of Terex’s MHPS business (“MHPS
Acquisition”). 

Completion of the MHPS Acquisition remains subject to additional customary
closing conditions. The previously received approval of the European Commission
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 and Terex continue to be fully committed to the MHPS Acquisition and
are working closely with the competition authorities in the remaining
jurisdictions to obtain regulatory approvals allowing completion of the MHPS
Acquisition in early 2017 as planned. 

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 11,100
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 





DISTRIBUTION
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Major media
www.konecranes.com