Demag Cranes Group becomes Terex Material Handling Port Solutions
Demag Cranes Group will operate under the Terex Material Handling & Port Solutions name in its dealings with customers and the market, replacing the Demag Cranes identity.
in the NewsState of Logistics 2016: Pursue mutual benefit Case Study: LEAN Yields Big Results project44 and 10-4 systems announce strategic partnership to take effect in late 2016 FTR’s Trucking Conditions Index sees sequential gains Self-driving truck makes its first (beer) run More News
Terex has held a majority share in Demag Cranes Group since August 2011, and a domination and profit and loss transfer agreement came into effect in April 2012. Since then, Demag Cranes has been integrated into Terex as a fifth business segment named “Material Handling & Port Solutions” operating alongside the other Terex segments of Aerial Work Platforms, Construction, Cranes (mobile and tower cranes) and Materials Processing (crushing and screening equipment). Demag Cranes Group will operate under the Terex Material Handling & Port Solutions name in its dealings with customers and the market, replacing the Demag Cranes identity.
The new Terex Material Handling & Port Solutions business segment consists of two business groups. The Material Handling business group comprises the industrial cranes business along with its associated services in most countries. The globally renowned Demag brand will be extended to include the tagline “A Terex Brand” and continues to stand for the industrial cranes, components and related services.
The Port Solutions business unit combines the Gottwald Port Technology business of Demag Cranes Group with the port equipment business of Terex. The Gottwald brand has been changed to Terex Gottwald to reflect the integration of the two brands which are both renowned in the port industry. With its combined product portfolio, Terex Port Solutions offers its customers a broad range of manual, semi-automated and automated solutions in the port technology sector making it one of the leading suppliers in this industry.
Aloysius Rauen, President of the Terex Material Handling & Port Solutions segment explains: “The integration of Demag Cranes Group into Terex Corporation is a strategic gain for everybody. Our customers benefit from a broader range of products that offer real added value. To serve them even better, we work closely together with the other Terex segments to gain access to markets in various regions, for example, or to utilise existing sales channels. The economies of scale alone have enabled us to achieve considerable savings in our purchasing activities, which ultimately benefits our customers.”
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
System Report: Brownells new DC is flexible and responsive Pallet Usage Report: Pallets Remain Critical in the Modern-Day Warehouse View More From this Issue