Konecranes has received approval from the European Commission for its pending acquisition of Terex?s MHPS business. The approval is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business. Also, Konecranes and Terex are not allowed to close the MHPS Acquisition until the Commission has approved the buyer(s) of the STAHL CraneSystems business. 
Konecranes and Terex continue to be fully committed to the MHPS Acquisition and are working closely with the competition authorities to obtain regulatory approvals allowing completion of the MHPS Acquisition in early 2017 as planned.