Terex Corp., the maker of Powerscreen rock crushers, agreed to buy Demag Cranes AG for about 963 million euros ($1.4 billion) after raising its offer to win over management of the German company.

Terex Corporation startled the lift equipment sector earlier this year with the announcement of the pending sale of its Demag Mobile Cranes segment. Now, after more than two decades in the sector ...

Demag, one of the world's leading suppliers of industrial cranes, crane components and comprehensive service, has snapped up its biggest order in 15 years with the closing of the deal with Saudi-based ...