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image Contact Information:

Erwann Maillot

Marketing Communication

Tel. +33 609 243 709

E-mail: Erwann.Maillot@terex.com

CRANE NORWAY GROUP Orders NINE NEW DEMAG® CRANES

ZWEIBRÜCKENMay 16, 2017 – Nordic Crane Vest AS, a part of Crane Norway Group, has signed an order for eight new Demag® all terrain cranes, ranging from 130- to 250-tonne lifting capacities. The company has already taken delivery of a new 650-tonne Demag CC 3800-1 crawler crane.

“As a leading supplier for crane rentals for oil, gas and wind turbine applications in the Norwegian market, Crane Norway Group AS has invested NOK 200 million in the last 12 months on new cranes, trucks and transport equipment to strengthen its position as a trusted supplier of lifting and transportation services in Norway. The design and the long booms on the Demag cranes, as well as the service we receive from Terex Cranes after the sale, really contribute to jobsite productivity and a good return on our investment,” says Crane Norway Group CEO Trond Helge Skretting. “We are pleased to relaunch this reputable brand to customers in Norway.”

The additional eight cranes on order — three Demag AC 250-5, two AC 160-5 and three AC 130-5 all terrain cranes — will be delivered throughout the year and will be added to the company’s existing fleet of nearly 40 Demag and Terex cranes.

About Crane Norway Group

Crane Norway Group is a market leader within transport and lifting services. The enterprise is owned by Stangeland Gruppen AS, which also owns the construction company Stangeland Maskin AS. The Stangeland Group established the crane company Stangeland Kran AS in 1979 and built it into a large and well-known enterprise over the following years. With the high activity in the oil boom along Norway’s west coast in the 1980s, the crane industry saw a major leap with regard to size, quality and safety.Through growth years, many crane companies joined Stangeland Group, which established Crane Norway Group in 2016. The group consists of solid companies with long traditions whose main activities are in the transport and lifting sector.

About Terex

Terex Corporation is a global manufacturer of lifting and material processing products and services delivering lifecycle solutions that maximize customer return on investment. Major Terex brands include Terex, Genie, Powerscreen and Demag. Terex solutions serve a broad range of industries, including construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utilities, quarrying and mining. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information about Terex is available on its website: www.Terex.com, and on its LinkedIn page -- www.linkedin.com/company/terex and Facebook page -- www.facebook.com/TerexCorporation.

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