About Konecranes

About Konecranes

Over 100 years of strong organic and acquisition-based growth, which all started when KONE Corporation was founded in 1910:

• 1933 – KONE commences crane production

• 1930s/40s – Product range starts to include hoists and harbor cranes

• 1980s – Internationalization efforts gather pace with US expansion

• 1994 – KCI Konecranes is spun off from KONE

World-leading supplier of industrial cranes, workstation lifting systems, container handling equipment and maintenance service. Headquarters in Hyvinkää, Finland.

Up until now, around 11,000 employees in almost 50 countries worldwide. This generates more than EUR 2 billion of annual sales.

For more than 100 years, the company has provided customers with productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools.

About MHPS

About MHPS

Almost 200 years of German-origin engineering heritage and expertise:

• 1819 – First operations in Wetter of company that becomes Demag in 1910

• 1824 – Noell commences operations in Würzburg

• 1906 – Gottwald Port Technology is founded in Düsseldorf

• 2011 – Operations come under Terex ownership

Leading supplier of industrial cranes, crane components and services under the Demag brand.

Port technology expert with a broad range of solutions under the Gottwald and Noell brands.

EUR 1.4 billion business with operations in 16 countries on five continents. MHPS employs about 7,000 people.

200 years of German-origin engineering heritage and expertise.

Creating one technology company with a global reach

Overview of combined business

  • Strength in Services

    Note: Based on 2015 figures. Konecranes figures excluding Stahl CraneSystems

  • Our combined reach and expertise will allow us to achieve and maintain technological leadership and foster innovation.

    Combined sales revenues of EUR 3.4 billion and a geographically diverse employee base, helping us to support our customers globally.

    A strong services business – it will make up approx. 40% of our sales. This combination will allow us to strengthen the service business on a much wider scale.

  • Truly global footprint


Strategic rationale

• Combines a highly complementary set of products.

• Strengthens our service offering on a much wider scale.

• Creates a truly global footprint, so we can serve our customers globally.

• Can reach scale benefits and efficiencies that will allow us to become world class. • Allows for IT infrastructure to be leveraged, improving our processes worldwide.

• Industry-leading resources for continued technology development, for example in automation, software and digitalization.


Family of leading brands

Family of leading brands in Service and Industrial Equipment, components – Power Brands – as well as Port Solutions.

Service & Industrial Equipment

Service & Industrial Equipment

Port solutions brands

Port Solutions

Power Brands logos

Power Brands

MHPS map

A global company

Truly international business with operations all across the globe – together we are active in approximately 50 countries with 18,000 employees.

We are a perfect match also from a geographical perspective: while Konecranes offers a particularly strong presence in markets like Northern Europe, North America and China, MHPS adds a strong position in Central and Southern Europe, South America and Southeast Asia.

Bringing together industry-leading competencies

For continued technology development

Combined innovative power: 1000+ issued and 500+ pending patents.




Joining forces will allow us to expand our technological leadership.

In equipment, Konecranes lifting equipment will continue to draw strength from the Core of Lifting. This is our continuing technological emphasis on the in-house design and manufacturing of motors, gears and controls, designed specifically for cranes and lifting motions. This gives our cranes a longer lifespan, excellent functionality, increased safety and improved productivity. The addition of MHPS products widens our product portfolio and expands our technology leadership.

Substantial growth potential in service business

Substantial growth potential in service business

It is Konecranes’ strategy to focus on the service business, which is less dependent on economic cycles, has high barriers to entry, and offers significant growth potential.

Significant opportunity to expand our service on all makes of cranes and improve our service offering to our customers – and create earnings potential.

Our comprehensive and systematic approach to maintenance – Lifecycle Care in Real Time – supported by world-class tools and processes is the backbone for our service capabilities.

The target is to increase customer value through improved safety and productivity in operations, especially through digitalization.

Opportunity through synergies

Opportunity through synergies

We expect synergies of EUR 140 million to be implemented within three years from closing of the acquisition.

We will generate synergies from scale benefits through procurement volumes, optimization in operations and a better capacity utilization.

We also plan to realize synergies through scale benefits in our R&D capacity, as well as in SG&A expenses.

Combination of konecranes and MHPS
Combination of konecranes and MHPS