Volvo CE to acquire Terex's hauler business
Posted: Mon Dec 09, 2013 11:04 pm
Volvo Construction Equipment (Volvo CE) has announced that it has agreed with the Terex Corporation to acquire the hauler manufacturer Terex Equipment Ltd. including related assets and intellectual property. The deal, which is subject to regulatory approval, includes the main production facility in Motherwell, Scotland and two product ranges that offer both rigid and articulated haulers. It also includes the distribution of haulers in the U.S. as well as a 25.2% holding in Inner Mongolia North Hauler Joint Stock Co (NHL), which manufactures and sells rigid haulers under the Terex brand in China.
Source: OEM Off-Highway
Source: OEM Off-Highway