Tadano Ltd.’s $215 Million Acquisition of Demag


Bryan Cave Leighton Paisner advised Terex Corporation on the sale of the Demag® Mobile Cranes business to Tadano Ltd.

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.

Bryan Cave Leighton Paisner LLP advised Terex Corporation with a team including Michael Leue, Hubertus Schröder, Maximilian Karacz, Tonio Sadoni (M&A), Stephan Krampe (Tax), Jens Peters, Martin Lüderitz (Employment), Dominik Weiß (IP/IT), David Fisher (Picture), Aaron Lang, Allie Shapland (M&A), Serge Nehama (M&A), Philip Wright, Jessica Edwards, Eric Homsi (Tax), Robert Bell, Rebecca Nelson, Danielle Mangogna, Giulia Carloni (Antitrust), Jennifer Mammen (CFIUS), Susan Kovarovics (International Trade), Roberta Gordon (Environmental), Kyle Flaherty (Benefits), Mark Paskar, John Bush (IP), Ken Achenbach (R&W Insurance), Eric Rieder (Litigation), Mathieu Taupin, Marie-Emilie Codina (M&A) and Sarah Delon-Bouquet (Employment).

Involved fees earner: Stephan Krampe – Berwin Leighton Paisner; Ken Achenbach – Bryan Cave Leighton Paisner; Robert Bell – Bryan Cave Leighton Paisner; John Bush – Bryan Cave Leighton Paisner; Marie-Emilie Codina – Bryan Cave Leighton Paisner; Sarah Delon-Bouquet – Bryan Cave Leighton Paisner; Jessica Edwards – Bryan Cave Leighton Paisner; David Fisher – Bryan Cave Leighton Paisner; Kyle Flaherty – Bryan Cave Leighton Paisner; Roberta Gordon – Bryan Cave Leighton Paisner; Eric Homsi – Bryan Cave Leighton Paisner; Maximilian Karacz – Bryan Cave Leighton Paisner; Susan Kovarovics – Bryan Cave Leighton Paisner; Aaron Lang – Bryan Cave Leighton Paisner; Michael Leue – Bryan Cave Leighton Paisner; Martin Lüderitz – Bryan Cave Leighton Paisner; Jennifer Mammen – Bryan Cave Leighton Paisner; Danielle Mangogna – Bryan Cave Leighton Paisner; Serge Nehama – Bryan Cave Leighton Paisner; Rebecca Nelson – Bryan Cave Leighton Paisner; Mark Paskar – Bryan Cave Leighton Paisner; Jens Peters – Bryan Cave Leighton Paisner; Eric Rieder – Bryan Cave Leighton Paisner; Tonio Sadoni – Bryan Cave Leighton Paisner; Hubertus Schröder – Bryan Cave Leighton Paisner; Allie Shapland – Bryan Cave Leighton Paisner; Mathieu Taupin – Bryan Cave Leighton Paisner; Dominik Weiß – Bryan Cave Leighton Paisner; Philip Wright – Bryan Cave Leighton Paisner;

Law Firms: Berwin Leighton Paisner; Bryan Cave Leighton Paisner;

Clients: Terex;