Latest news from Heavy Lift & Project Forwarding International Magazine

US clears Konecranes-Terex deal

October 11 - Konecranes has received clearance from the committee on foreign investment in the USA for its pending acquisition of Terex's material handling and port solutions (MHPS) business.

With the conclusion of the committee on foreign investment's process and the previous antitrust clearance by the US Department of Justice, Konecranes has now received all the required regulatory approvals for the acquisition of Terex's MHPS business in the USA.

Completion of the deal remains subject to additional customary closing conditions, however.

Konecranes states that both parties continue to be fully committed to the acquisition and are working closely with competition authorities in the remaining jurisdictions to obtain regulatory approvals, allowing the deal to go ahead in early 2017 as planned.

www.konecranes.com

www.terex.com

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 292
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 676
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 774
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 539

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