One of the largest mergers in the world of construction equipment has been put on hold. U.S.-based Terex Corp says it is halting all merger activities with Finnish-based Konecranes while it considers an acquisition offer from China-based Zoomlion.
In a statement to the Reuters news agency, Terex said "given the uncertainties involved with the merger and proposed acquisition (by Zoomlion), the decision was made to halt information sharing, work on integration, and synergies between the businesses, until further clarity can be had on the course of action.”