TEREX Corporation of the USA completed the acquisition of Germany’s Demag Mobile Cranes on 30 August 2002.
‘We are pleased to welcome Demag to the Terex group,’ said Ron DeFeo, Terex chairman and chief executive officer. ‘The Demag acquisition not only strengthens the Terex franchise, which has become one of the leaders in the construction and mining equipment sector, but also positions us to compete as a leading worldwide global crane company.’
Fil Filipov, president of Terex Cranes, has taken on responsibility for Demag as it becomes part of the Terex Cranes Group. ‘We are very excited about the opportunity at Demag,’
