On 23 October 2009, the Management Board of Demag Cranes AG and the management of the subsidiaries Demag Cranes & Components GmbH and Gottwald Port Technology GmbH reached consensus with the relevant works councils in negotiations on the restructuring process for shared services functions and signed the previously still outstanding agreements for the Industrial Cranes and Services segments. The parties also signed the papers for the compensation agreement in connection with planned restructuring measures at Demag Cranes AG and Demag Cranes & Components GmbH and for the corresponding redundancy schemes.

No other events material to the financial position or financial performance of the Demag Cranes Group occurred after the balance sheet date.