Jebsen & Jessen Purchases Konecranes Industrial Products Division

Diversified industrial group Jebsen & Jessen today announces the acquisition of MHE-Demag's Industrial Products (IPD) Business, a member of Konecranes Group – a move that will expand the family enterprise's portfolio and position it to meet the need for engineered mechanical solutions in the rapidly urbanizing South East Asia region. The deal is expected to close in April 2023.

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Signing of the acquisition agreement between Jebsen & Jessen Pte. Ltd. and Konecranes at Jebsen & Jessen Group headquarters in Singapore. From bottom left: Per Magnusson (Group CEO, Jebsen & Jessen Group), Marko Tulokas (Senior Vice President, Region Asia-Pacific, Konecranes) Top: Fabio Fiorino (Executive Vice President, Industrial Service and Equipment, Konecranes).

Signing of the acquisition agreement between Jebsen & Jessen Pte. Ltd. and Konecranes at Jebsen & Jessen Group headquarters in Singapore.

Jebsen & Jessen Technology is proud to announce its recent acquisition of the IPD business. This new addition will be known as “MHE” and will continue to operate under the existing MHE branding. MHE will now serve as the material handling equipment division of Jebsen & Jessen Technology, offering a comprehensive range of industrial and material handling products. These products include dock levelers and door systems, mechanical car park systems, building maintenance units, boom lifts and Aerial Work Platforms, warehouse trucks, and lift systems, among others. MHE’s services will cover manufacturing, engineering, renting, trading, supplying, and servicing of these products. This business expansion spans across Australia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

“We are pleased to announce the addition of the MHE-Demag Industrial Products (IPD) team, consisting of 300 talented individuals, to the Jebsen & Jessen Group. With their existing market dominance in certain segments, our goal is to establish ourselves as the market leader across the entire portfolio. We are fully committed to investing in both our team members and the business itself, as we strive to achieve our growth objectives,” stated Per Magnusson, Group CEO of Jebsen & Jessen Group. “This acquisition perfectly aligns with our Advance & Build strategy and builds upon our esteemed reputation as a trusted provider of high-quality industrial products and value-added solutions,” Magnusson concludes.

The IPD business being acquired by Jebsen & Jessen Group is a division of MHE-Demag, a member of the Konecranes Group. Previously, MHE-Demag was a joint venture between Jebsen & Jessen and Demag. In January 2020, Konecranes acquired Jebsen & Jessen’s 50% stake in MHE-Demag. As part of their strategic focus on their core industrial service and lifting equipment business, Konecranes has decided to divest its IPD business to Jebsen & Jessen Group through this deal.

With a history dating back to 1972, our company has been at the forefront of providing cutting-edge systems for renowned landmarks in the region. Notable projects include iconic buildings like the Petronas Twin Tower, Merdeka 118, and KL Tower in Malaysia, as well as Marina Bay Sands and Gardens by the Bay in Singapore. We have also contributed to the success of BNI 46 in Indonesia, Bitexco Financial Tower in Vietnam, and Okada Manila in the Philippines.

Furthermore, our expertise extended to the design and implementation of the retractable roof for the Singapore Sports Hub, which now stands as the largest free-spanning dome stadium in the world. Rest assured, our team is dedicated to delivering top-quality solutions to meet the most demanding architectural and engineering challenges.

“The decision to divest our IPD business back to Jebsen & Jessen is in line with our strategic focus on our core businesses in the region and capitalizing on our recent acquisition of full ownership in MHE-Demag. Throughout our review, Jebsen & Jessen emerged as the ideal partner with a compelling vision and strategy for the IPD business. We have full confidence that the industrial product business will thrive under its new ownership,” stated Marko Tulokas, Senior Vice President of Industrial Service & Equipment for the APAC region at Konecranes.

After the completion of the acquisition, Jebsen & Jessen Group will welcome around 300 talented employees from Konecranes, as well as all MHE products and solutions. The acquired business will continue to operate with its current commercial presence, ensuring uninterrupted operations and business continuity.

Jebsen & Jessen Group Expands to South-East Asia

We are a highly focused industrial conglomerate with a strong presence in ASEAN. Our extensive network of businesses encompasses manufacturing, engineering, and distribution activities across multiple sectors. Our five core business units, including Cable Technology, Ingredients, Life Sciences, Packaging, and Technology, operate in eight countries and serve customers through various locations in China, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. With nine state-of-the-art manufacturing facilities in Indonesia, Malaysia, Myanmar, Singapore, and Vietnam, we are equipped to deliver high-quality products and services. Our dedicated team of 2,550 professionals works cohesively to cater to the needs of our diverse customer base, which numbers around 20,000.

Jebsen & Jessen Technology is a leading provider of innovative technology solutions in Southeast Asia. With a history dating back to 1963, we have built a strong reputation for delivering high-quality products and services to our customers. Our team of skilled professionals is committed to providing cutting-edge solutions and excellent customer support. We work closely with our partners to understand their needs and develop customized solutions that help them achieve their business objectives. At Jebsen & Jessen Technology, we strive to exceed our customers’ expectations and drive their success.

At our company, we specialize in integrating application, service, and technology-driven initiatives. With a strong presence in the region, we offer comprehensive equipment and turn-key solutions through our four divisions: Industrial Services, Pumps, Scientific Equipment, and Turf & Irrigation. Leveraging our extensive network of industry-specific resources, we introduce renowned global brands to strategic markets.

About Konecranes

Konecranes is a global leader in the Lifting industry, catering to a diverse clientele that includes manufacturing and process industries, shipyards, ports, and terminals. We deliver cutting-edge lifting solutions and offer comprehensive services for lifting equipment from all manufacturers.

In 2022, our Group achieved EUR 3.4 billion in sales, attesting to our strong market presence. With a workforce of around 16,500 employees spread across 50 countries, we are well-equipped to meet the needs of our customers. Additionally, our shares are publicly traded on the Nasdaq Helsinki under the symbol “KCR”.

MHE-Demag is a leading provider of material handling solutions in the Southeast Asia region. With over 40 years of experience, we specialize in designing, manufacturing, and servicing a wide range of lifting equipment and warehouse solutions.

Our mission is to help businesses optimize their operations and increase productivity through innovative and reliable material handling solutions. Whether it is overhead cranes, hoists, or forklifts, we offer customized solutions that are tailored to meet the specific needs of our clients.

At MHE-Demag, we are committed to delivering exceptional products and services. Our team of highly skilled professionals ensures that every project is executed with precision and efficiency. We also provide comprehensive after-sales support, including maintenance and 24/7 emergency services, to ensure the continuous uptime of our equipment.

As a responsible company, we prioritize safety and sustainability in everything we do. Our products are built to the highest quality standards and comply with international safety regulations. We also strive to minimize our environmental impact through energy-efficient designs and responsible manufacturing practices.

Contact us today to learn more about how MHE-Demag can help optimize your material handling operations and improve your bottom line.

MHE-Demag, a subsidiary of Konecranes, is a leading global provider of lifting solutions. With its inception in 1972 and headquarters in Singapore, MHE-Demag operates 11 factories and over 70 service locations across Southeast Asia. Renowned in the industry, MHE-Demag specializes in material handling, encompassing the engineering, manufacturing, and maintenance of a comprehensive range of industrial cranes and hoists. Additionally, MHE-Demag offers warehousing equipment such as lift trucks and dock levellers, aerial work platforms, building maintenance units for safe working at heights, compact construction equipment, and automated car parking systems. Stay updated with the latest news from MHE-Demag via the following link: [Release Link Here].

Jebsen & Jessen Group