Terex Corporation has announced that it will acquire 65% of privately held Chinese crane manufacturer Topower.
Jinan-based Shandong Topower Heavy Machinery Manufacture Co Ltd (Shandong Luneng Everbright Heavy Machinery Co Ltd) designs and manufactures crawler, gantry, derrick and bridge cranes. It was established in 2007. A range of hydraulic crawler cranes from 70 to 360 tonnes capacity are offered.
Terex has also announced a joint venture with Fujian South Highway Machinery Company (NFLG) for manufacturing mobile materials processing equipment in China.
Full article: http://www.khl.com/magazines/international-cranes-and-specialized-transport/detail/item57790/Topower-acquired-by-Terex/
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