Jebsen & Jessen Acquires Industrial Products Business from Konecranes


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. The deal is expected to close in April 2023.

Cable Technology, , , and – are present in eight countries and deliver through various locations across China, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Our nine manufacturing facilities are in Indonesia, Malaysia, Myanmar, Singapore and Vietnam. Our 2,550 people work as one to develop meaningful products and services for the 20,000 customers we serve.

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About Jebsen & Jessen Technology
We bring together application, service and technology driven activities. Across the region we provide equipment and complete turn-key solutions through four divisions: Industrial Services, Pumps, Scientific Equipment and Turf & Irrigation. Drawing on our regional network of industry focused resources; we bring relevant global brands to key markets.

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About Konecranes
Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR)

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About MHE-Demag
MHE-Demag is part of the global lifting leader Konecranes. Established in 1972 and based in Singapore, MHE-Demag has 11 factories and more than 70 service locations throughout Southeast Asia. MHE-Demag is the name for material handling. We engineer, manufacture and maintain a comprehensive range of industrial cranes and hoists, warehousing equipment such as lift trucks and dock levellers, aerial work platforms, building maintenance units for safe working at heights, compact construction equipment, as well as automated car parking systems.

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