Konecranes could sell Terex crushers after merger; Metso could be in the frame
Konecranes [HEL:KCR1V], the Finnish crane equipment supplier, could sell the crushers business after its merger with Terex [NYSE:TEX] is completed, according to Kauppalehti.
The Finnish language paper carried an unsourced speculative analysis piece about the merger of Konecranes and Terex, the Connecticut, US-based mining and industrial equipment supplier.
It wrote that it is unlikely Terex’s large crushing equipment will remain as part of the merged company’s product portfolio. It further noted M&A transactions worth hundreds of millions could take place once the fusion is completed.
The item noted Metso, the Finnish industrial machinery company, may not well choose to stand on the sidelines if the crushers will come up for sale.
Kauppalehti