Terex and Konecranes Announce Business Combination

Avance advises NYSE listed Terex Corporation in connection with the planned all-stock merger of equals between Terex and NASDAQ OMX Helsinki listed Konecranes Plc. The combined company, to be called Konecranes Terex Plc, will be a leading global lifting and material handling solutions company with estimated combined 2014 revenues of EUR 7.5 billion.