Tadano completes acquisition of Demag Mobile Cranes business

TADANO
Tadano Ltd. has completed its acquisition of the Demag Mobile Cranes business. The transaction brings together two of the top names in the lifting equipment industry – each well known for safety, quality, innovation, and performance. The Tadano and Demag brands now leverage a long-combined history of manufacturing and lifting experience. Working together, the duo will push forward, innovate and contribute to the success of their customers worldwide.

The Tadano Group’s long-term goal is to become the global leader in the lifting equipment industry, and the Demag Mobile Cranes acquisition is one vital step toward achieving that goal. The company will continue to work tirelessly to be a premier crane choice and satisfy the lifting needs of its customers by providing them with safe, high-quality, efficient, and innovative equipment and technology.

Demag’s transition into the Tadano Group will be seamless, and customers can expect that they will be able to carry out business as usual – right from the start. For the most part, the customer will continue to work with the same Demag sales, service and parts contacts as have up until now. Only the last part of their respective e-mail addresses will change from “@terex.com” to “@tadano.com.”

Demag has long produced some of the world’s finest mobile cranes. Every dedicated Demag stakeholder – customers, distributors, suppliers, etc. – infused the company with great value. As the journey with Demag begins, Tadano is committed to providing a seamless transition and ensuring carrying out important business, smoothly and successfully.

This change is an opportunity to combine strength to better serve lifting business of the customer. The company will leverage synergies between Tadano Ltd., Tadano Faun GmbH (TFG), and Demag throughout the value chain, including crane design, procurement, production, and sales support, to further benefit customers.

Tadano’s Corporate Philosophy is Creation, Contribution and Cooperation. The Tadano Group delivers its Core Values – Safety, Quality, and Efficiency Based on Compliance – in each and every of its products and services. Given this corporate culture and its approach of continuously improving manufacturing, its affinity with Demag is very high, from the foundation up.

Railway targets ₹7,500-cr under TOD scheme

Indian Railways has targeted ₹7,500 crore from three land parcels near metro stations in Delhi through monetization under the Transit Oriented Development (TOD) scheme. The Rail Land Development Authority (RLDA) has written Read More ...

AUDA earmarks ₹1,431-cr for urban infrastructure

Ahmedabad Urban Development Authority (Auda) has chalked out an ambitious plan to invest ₹1,431 crore for construction of new housing units, bridges and roads, and new drainage lines. In addition, the urban development Read More ...

HDFC sets up ₹250-cr fund for residential housing

HDFC in a joint venture with Arvind SmartSpaces has set up a ₹250-crore fund to develop affordable and mid-income housing projects, Arvind SmartSpaces, which is a part of the Lalbhai group. The company has entered into Read More ...

4iR R&D alliance between Highbar of India and eGeneration of Bangladesh

The India-Bangladesh Business Forum aims to accelerate bilateral ties by transfer of knowledge and technology between the two neighboring nations. This year, the forum assembly was highlighted by a landmark 4iR R&D alliance Read More ...

Govt kick-start ₹2,428-cr housing project on K G Marg in New Delhi

Union Minister of Housing and Urban Affairs has launched the redevelopment of Kasturba Gandhi Marg GPRA project where the residential complex is to be constructed by the CPWD at a cost of ₹2,428 crore, in two phases. This Read More ...

NBCC launches reconstruction of ₹4,525-cr complex in Delhi

In a bid to reduce debt of Air India by ₹4,500 crore through redevelopment of its residential colony in Vasant Vihar areas of Delhi, NBCC has submitted a detailed plan for monetization of the 30-acre space involving an Read More ...

GPL lines up ₹5,000-cr for residential & retail realty projects

According to executive chairman of Godrej Properties (GPL), Pirojsha Godrej, the company intends to invest ₹5,000 crore in the next two years, mainly on construction of mid income housing. In fact, shortly after clocking Read More ...

Kerala cruises ahead with ₹50,000-cr infra building plans

The Kerala government has readied an ambitious ₹50,000 crore plan not just to tackle the economic slowdown but also to give a major push to infrastructure building across the state. State FM Thomas Isaac said that the original Read More ...

Govt unveils Metrolite system on Phase-IV corridors

The Ministry of Housing & Urban Affairs has decided to introduce Metrolite system for three corridors of Delhi Metro Project Phase IV. These will include Inderlok to Indraprastha, Lajpat Nagar to Saket G Block and Rithala- Read More ...

DFCCIL-UP inks MoU to build 29 RoBs

A MoU for construction of Road Over Bridges has been inked by DFCCIL, state government of UP, and the North Central Railway to build 29 RoBs on the Eastern Dedicated Freight Corridor on a cost-sharing basis in the state Read More ...

BRO concretizing Zojila tunnel on Srinagar-Leh highway

The Border Roads Organization has decided to concretize the Zojila tunnel section of the Srinagar-Leh national highway for easy passage of small and heavy vehicles and protect the strategic road that is vulnerable to landslides Read More ...

Five architecture firms in fray to rebuild Parliament House

Five Indian architecture firms are in the race for the Centre's ambitious plan to redevelop the Parliament building and the Central Vista. Prior to this, the Union Housing and Urban Affairs Ministry had invited proposals Read More ...

Kalyan Developers launches three projects in Kerala

Kalyan Developers is all set to start construction of three new premium residential projects in Kerala's Thiruvananthapuram, Thrissur and Kochi areas. The projects named 'Gateway' (Thiruvananthapuram), 'Meridian' (Thrissur) Read More ...

Railway approves double tracks on Ludhiana-Mullanpur lines

The Northern Railway Board has sanctioned the proposal for laying double-lane tracks to run more long-distance high-speed trains on the Ludhiana-Mullanpur-Ferozepur rail route. Construction of the ₹20 crore project will Read More ...

Bachchan enters building biz; plans two projects in Mumbai

Amitabh Bachchan has reportedly marked his entry into the real estate business with a 25 percent shareholding in Anand Pandit's next two projects. One is a five-star business premise in Andheri West, and the other Read More ...

Govt and construction equipment makers to discuss eco norms

The Union government plans to hold discussions with CE manufacturers on development of clean fuel variants. The move comes in the wake of EPCA advocating clean fuel in the CE sector with an upgrade from BS-III to BS-IV fuel emission norms Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week