As announced earlier yesterday, the European Commission has also conditionally approved completion of the MHPS Acquisition, subject to a commitment by Konecranes to divest its STAHL CraneSystems business.
Completion of the MHPS Acquisition remains subject to additional customary closing conditions, including approval by Konecranes extraordinary meeting of shareholders.
Konecranes and Terex continue to be fully committed to the MHPS Acquisition and are working closely with the competition authorities in the remaining jurisdictions to obtain regulatory approvals allowing completion of the MHPS Acquisition in early 2017 as planned.