The acquisition will see MHE-Demag’s Industrial Products (IPD) Business, a member of Konecranes Group, transfer to Jebsen & Jessen Group to form the Group’s material handling division

SINGAPORE - Media OutReach - 20 February 2023 - Diversified industrial group Jebsen & Jessen today announces the acquisition of MHE-Demag's Industrial Products (IPD) Business, a member of Konecranes Group – a move which will expand the family enterprise's portfolio and position it to meet the need for engineered mechanical solutions in the rapidly urbanising South East Asia region.

Read more: Jebsen & Jessen Acquires Industrial Products Business from Konecranes