Terex to Merge With Konecranes Amid Competition From China

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A Konecranes Oyj crane unloads a 40-foot shipping container at the Georgia Port Authority terminal in Garden City, Georgia, U.S.

Photographer: Stephen Morton/Bloomberg

Terex Corp., a U.S. maker of cranes and construction machinery, agreed to combine with Finnish competitor Konecranes Oyj to create a crane and materials-handling supplier with a combined $10 billion in sales and greater global reach.

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