The Finnish group Konecranes announced today the sale the business segment of lifting equipment, and handling for the industrial sector of the MHE-Demag subsidiary to Singaporean Jebsen & Jessen, with a transaction that It is expected to be concluded next April. With the sale, Around 300 MHE-Demag employees will join the Group Jebsen & Jessen.

MHE-Demag was an equal joint venture between Jebsen & Jessen and Konecranes, with the latter taking over in January 2020 the share of the Asian company.