Cranes merger official
14 January 2019 | Web Article Number: ME201813186
FROM January 1, Konecranes and Demag in South Africa are one legal entity under the new name of Konecranes and Demag (Pty) Ltd. This is in line with a Legal Entity Consolidation of both companies which sees the brands, skills, knowledge and operations coming together as one.
Following Konecranes’ acquisition of Demag worldwide just over two years ago South Africa was at the forefront of merging the head offices as well as the 11 branches around the country.
The merger of the two global crane giants brings together considerable technical expertise and a wealth of experience going back centuries. Demag was established 200 years ago in Germany, whilst Konecranes came into being 108 years ago in Finland.
“We have been working locally on simplifying the corporate structures of both businesses in an effort to align our brands and product labelling, as well as streamline our efforts and operations”, said Emil Berning, MD of Konecranes and Demag.
MHPS (Pty) Ltd, under which Demag operated, will cease to exist. However, all existing contracts will be honoured under the new company.