Terex Corp has announced it plans to sell its Demag Mobile Cranes business to Tadano Ltd. of Takamatsu, Japan, for an enterprise value of approximately $215 million. Demag Mobile Cranes manufactures and sells all terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrucken, Germany, and multiple sales and service locations, Terex says in a news release. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in mid-2019. “The Demag Mobile Cranes business has been part of our company for almost two decades” says John L. Garrison, Terex chairman and CEO. “This is a strategic acquisition that offers Tadano considerable scope for growth. The addition of Demag brand of all terrain cranes and large crawler cranes range extends our product lines and options for customers,” says Koichi Tadano, Tadano Ltd. representative director, president and CEO. Terex says it will continue to manufacture Terex Utilities products at its Watertown, South Dakota facilities. Terex will continue to manufacture Terex Rough Terrain Cranes for the global market in Crespellano, Italy; tower cranes in Fontanafredda, Italy; and Terex pick and carry cranes in Brisbane, Australia.