Tadano completes acquisition of Demag Mobile Cranes business

Tadano completed its $215-million acquisition of the Demag Mobile Cranes business on August 1, 2019. The transaction brings together two of the top names in the lifting equipment industry. The Tadano and Demag brands now leverage a long combined history of manufacturing and lifting experience.

?The Tadano Group?s strategy is to become the global leader in the lifting equipment industry and the premier choice with our customers. The Demag Mobile Cranes acquisition is one vital step toward achieving that goal,? said Koichi Tadano, President and CEO of Tadano. ?It expands our penetration into many markets throughout the world, adds lattice boom crawler cranes to our overall product line, and enhances the capacity range of our all-terrain cranes. By working together, we can better respond to our customers? needs and give them greater added value than ever before.?

In addition to technological and manufacturing excellence, Demag?s mobile cranes give Tadano one of the most complete ranges of lifting equipment solutions available from a single manufacturer. It expands the product line with eight lattice boom crawler crane models with lift capacities from 400 to 3,200 t (440 to 3,525 US tons). Also, Demag?s 15 all terrain crane models enhance Tadano?s maximum lift capacity in-segment to 1,200 t (1,320 US tons). Post-acquisition, the Tadano Group?s total lifting equipment line now includes more than 80 models, including rough terrain cranes, all terrain cranes, lattice and telescopic boom crawler cranes, truck cranes, and more.

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