Material handling group MHE-Demag is expanding its footprint in Asia-Pacific with the acquisition of its sister company Demag Cranes & Components (DCC) Australia. The company says that while its proven business processes and service will be strengthened further, several additional material handling product ranges will be introduced in Australia through this move.
DCC Australia and MHE-Demag have already had a very close relation through the Terex Group, former owners of DCC Australia and the joint venture partner for MHE-Demag. With the acquisition the two organizations now move even closer together under one roof.
MHE-Demag’s regional managing director Per Magnusson says, “We are very pleased to welcome our new colleagues into the family. This is naturally an interesting step forward as it adds a sizeable business volume to our group as well as a new market to our portfolio. It opens up for interesting and competitive business set-ups and also adds a highly competent organisation into our fold, from which we can learn many good practices.”
DCC Australia, which is rebranding to MHE-Demag Australia, is a strong player in the Australian market for industrial cranes and related services and was established more than 50 years ago. In Australia it has a large installed base, strong brand recognition and a solid reputation in quality material handling products.
Per Magnusson says MHE-Demag Australia will make a significant contribution to the group’s projected sales and more than 130 employees will be added to the 1500-strong MHE-Demag Group workforce.
With the addition of MHE-Demag Australia’s branches the group now serves customers from more than 60 locations throughout the Asia-Pacific region. The manufacturing facilities in Sydney, Perth and Brisbane add to the total of 11 factories in eight countries – from Australia over Indonesia, Singapore and Malaysia, through Thailand, Vietnam and the Philippines all the way north to Taiwan.