Finland's Konecranes buys out Asia venture partner for $162 million

(Reuters) - Finnish industrial crane maker Konecranes has agreed to buy the outstanding 50% stake in its MHE-Demag joint venture in southeast Asia from partner Jebsen & Jessen for 147 million euros (126.3 million pounds), it said on Thursday. Konecranes said the deal would add about 150 million-180 million euros in annual group sales and about 25 million-30 million euros in annual earnings before interest, tax and amortisation (EBITA) by 2022.MHE-Demag, which has 1,800 employees, operates in..