Equipment manufacturer Terex Corp. announced May 16 that it is ending its plan to merge with Konecranes, and will instead sell its material-handling and port solutions [MHPS] unit to the Finnish-based company for $1.3 billion.
Investment firm Apollo Global Management has signed a deal to acquire Maxim Crane Works and AmQuip Crane Rental, two of the largest crane-rental firms in the U.S.
Looking out over the Manitowoc stand at Bauma with its colorful mix of Potain, Manitowoc and Grove cranes, new Manitowoc Cranes CEO and President Barry Pennypacker saw opportunities for savings.