Eyeing global scale and near-term earnings synergy upward of $120 million, Westport, Conn.-based Terex Corp. and Konecranes Plc of Helsinki plan an all-stock “merger of equals,” creating a company whose 2014 revenues totaled about $10 billion. Terex and Konecranes shareholders will own approximately 60 percent and 40 percent of the combined business, respectively, which will operate as Konecranes Terex Plc, with headquarters in Finland and major corporate functions in Connecticut.
Sources: Holcim Ltd., Zurich; Lafarge SA, Paris; CP staff
Holcim and Lafarge officials outlined in April 7 presentations to European Union analysts the financial rationale and integration strategies behind a “merger of equals,” netting LafargeHolcim—present in 90 countries and accounting for $44 billion in sales; 470 million and 384 million tons of cement and aggregate shipments, respectively; plus, 90 million yd. of ready mixed production.Read More