Hamburg, March 20, 2019 – Bryan Cave Leighton Paisner has advised its longtime client Terex Corporation on the sale of the Demag® Mobile Cranes business to Tadano Ltd., Japan. The transaction is being led by David Fisher, Aaron Lang and Allie Shapland (all US M&A), and by Dr. Michael Leue and Dr. Hubertus Schröder (both German M&A).
Terex Corporation (NYSE: TEX) is a global manufacturer of lifting and material processing products and services with headquarters in Connecticut, USA. Terex serves a broad range of industries, including construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utilities, quarrying and mining.
The parties entered into a global asset and stock purchase agreement valuing the business at an enterprise value of $215 million. With more than 1,700 employees, the Demag® Mobile Cranes business manufactures and sells all-terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrücken, Germany, and multiple sales and service locations around the globe.
This international transaction involves asset and stock sales taking place in Germany, the US, Canada, France, Switzerland, Austria, Italy, the UK, Australia, Brazil, Mexico, India, Singapore, Shanghai and the Middle East.
The sale is subject to government regulatory approvals as well as other customary closing conditions; closing is targeted for mid-2019.
In this transaction, the global investment bank Moelis & Company LLP acted as financial adviser to Terex Corporation.
Bryan Cave Leighton Paisner LLP (Germany)
Dr. Michael Leue, Dr. Hubertus Schröder, Dr. Maximilian Karacz and Tonio Sadoni (German M&A)
Stephan Krampe (German Tax)
Jens Peters and Dr. Martin Lüderitz (German Employment)
Dominik Weiß (German IP/IT)
Bryan Cave Leighton Paisner LLP (USA)
David Fisher, Aaron Lang and Allie Shapland (Lead, US M&A)
Serge Nehama (US M&A)
Philip Wright, Jessica Edwards and Eric Homsi (US Tax)
Robert Bell, Rebecca Nelson, Danielle Mangogna and Giulia Carloni (Antitrust)
Jennifer Mammen (CFIUS)
Susan Kovarovics (International Trade)
Roberta Gordon (Environmental)
Kyle Flaherty (Benefits)
Mark Paskar and John Bush (IP)
Ken Achenbach (R&W Insurance)
Eric Rieder (Litigation)
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Mathieu Taupin, Marie-Emilie Codina (French M&A)
Sarah Delon-Bouquet (French Employment)
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With over 1,400 lawyers in 32 offices across North America, Europe, the Middle East and Asia, Bryan Cave Leighton Paisner LLP is a fully integrated global law firm that provides clients with connected legal advice, wherever and whenever they need it. The firm is known for its relationship-driven, collaborative culture, diverse legal experience and industry-shaping innovation and offers clients one of the most active M&A, real estate, financial services, litigation and corporate risk practices in the world.