Terex Completes Sale of Truck Business to Volvo for $160 Million
June 02 2014 - 9:28AM
Business Wire
Terex Corporation (NYSE:TEX) today announced that it has
completed the sale of its truck business to Volvo Construction
Equipment for a purchase price of $160 million. The truck business
manufactures and sells off-highway rigid and articulated haul
trucks. Included in the transaction is the manufacturing facility
in Motherwell, Scotland.
About Terex
Terex Corporation is a diversified global manufacturer reporting
in five business segments: Aerial Work Platforms, Construction,
Cranes, Material Handling & Port Solutions and Materials
Processing. Terex manufactures a broad range of equipment for use
in various industries, including the construction, infrastructure,
quarrying, manufacturing, mining, shipping, transportation,
refining, energy and utility industries. Terex offers financial
products and services to assist in the acquisition of Terex
equipment through Terex Financial Services. Terex uses its website
(www.terex.com) and its Facebook page
(www.facebook.com/TerexCorporation) to make information available
to its investors and the market.
Terex CorporationTom Gelston, 203-222-5943Vice President,
Investor Relations thomas.gelston@terex.com
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