Konecranes Oyj - Company Announcement

Konecranes has offered commitments to the European commission in relation to the acquisition of Terex's MHPS business

KONECRANES PLC  STOCK EXCHANGE RELEASE  July 20, 2016 at 9:30

In relation to the acquisition of Terex's MHPS business (MHPS Acquisition)
Konecranes has offered the potential divestiture of its STAHL CraneSystems
business in order to address the European Commission’s (EC) concerns in the
supply of hoists in the EEA. The offered commitments will be subject to a
market test by the EC. As a result of the offered commitments, the EC has
extended its review period for the transaction and it is now expected to render
its decision on the MHPS Acquisition by August 8, 2016. The offered commitments
may be subject to change until the EC renders its decision. 

STAHL CraneSystems is a global supplier of hoisting technology and crane
components. The company is well-known for its capability to build engineered
system solutions. Its customers include distributors, crane builders as well as
EPC companies. STAHL CraneSystems is headquartered in Künzelsau, Germany. 

“We have had a very constructive dialogue with the European Commission. As a
result, we have offered to divest our STAHL CraneSystems business. We believe
that this offer will fully resolve the Commission’s concerns and that we are
able to proceed with the MHPS Acquisition,” says Konecranes President and 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 as planned. While EC
approval is one of the critical regulatory approvals it is not the only one
needed and Konecranes expects to update the market from time to time as
regulatory approvals are received. 

As announced on July 15, 2016 Konecranes Board has scheduled an extraordinary
general meeting of shareholders for September 15, 2016, to vote on matters
relating to the MHPS Acquisition and recommended to Konecranes shareholders to
vote in favor of such matters in order to enable the implementation of the MHPS
Acquisition. 

Konecranes does not intend to comment on this matter any further until EC has
rendered its decision on the offered commitments. 



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



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www.konecranes.com