Volvo CE to acquire Terex off-highway hauler business for around US$160mn

Volvo Construction Equipment has agreed to acquire Terex Corporation’s off-highway hauler business for around US$160 million (SEK 1 billion) on a cash and debt free basis. 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.
December 9, 2013 Read time: 1 min
Volvo Construction Equipment is acquiring Terex Corporation’s off-highway hauler business in a near US$160 million deal.
2394 Volvo Construction Equipment has agreed to acquire 1222 Terex Corporation’s off-highway hauler business for around US$160 million (SEK 1 billion) on a cash and debt free basis.

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.
Earthmoving & soil compaction

For more information on companies in this article

Related Content

  • Volvo CE now offering rigid truck range
    January 11, 2018
    Volvo CE is now offering its own range of rigid haul trucks. There are four machines in the range from the 40tonne class R45D up to the top of the range R100E for the 90tonne class. The trucks have been developed with the assistance of in-house expertise at the Terex Trucks facility in Motherwell, Scotland, which Volvo CE now owns. The range is being launched initially in less regulated markets and comprises the R45D, R60D, R70D and R100E. The R60D and R70D are for the 54tonne and 65tonne payload classes
    Read More
  • Yanmar is buying Terex’s compact machine business
    June 21, 2016
    Japanese firm Yanmar is acquiring the compact construction equipment business of Terex Corporation. The deal is worth around US$60 million and will see ownership of Terex Corporation’s German operations that manufacture compact machines being transferred to Yanmar Holdings. Terex manufactures and markets ranges of wheeled loaders, midi and mini excavators, wheeled excavators, and a number of other products in Europe through this business. Included in the acquisition is the manufacturing facility located in
    Read More
  • Rokbak, the new name for Terex Trucks
    September 2, 2021
    Volvo CE’s off-highway articulated hauler business Terex Trucks has rebranded as Rokbak.
    Read More
  • Terex Trucks appointing new Qatar dealer
    May 19, 2015
    Terex Trucks is appointing Rumaillah Motors WLL as its new dealer for Qatar. This pivotal move is intended to boost dealer support for the haulers from Terex Trucks, which are built in Motherwell, Scotland. The Terex hauler brand has been well known in the Middle East for the last two decades and the move appointing Rumaillah Motors WLL as the dealer for Qatar strengthens support for this range. The partnership with Rumaillah Motors follows Terex Truck’s recent acquisition by Volvo Construction Equipment.
    Read More

Highlighted Content