The material handling and port solution segment met our expectations. Industrial cranes were stable and port equipment performed as expected with the service and parts business continuing to be positive, particularly due to high customer capacity utilization. Importantly, the domination agreement became effective as of April 18, 2012 which will allow us to begin the integration process about three to five months ahead of when we had expected the domination agreement to be complete. We continue to target about a $35 million annualized profit improvement as this will offset the step-up amortization of this transaction.
Terex's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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