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

  • Terex Trucks launches TA400, a new-generation articulated hauler
    March 15, 2016
    Terex Trucks has rolled out its flagship 38tonne TA400 articulated dump truck, the largest and first of the Volvo-owned company’s new generation hauler lineup. Investments have been made to ensure increased durability and protection of truck components, including upgraded hydraulic hoses, electrical interfaces, transmission mountings and brake pipes. To prolong hydraulic component lifecycles, Terex Trucks has introduced magnetic pressure filters that reduce the risk of contaminants entering the system
    Read More
  • Volvo CE US$100 million Americas expansion
    March 22, 2013
    Volvo Construction Equipment president Pal Olney stressed the long-term importance to the company of the North American market while formally recognising the industry giant’s US$100 million expansion programme at its Shippensburg, Pennsylvania facility. Olney cut the ribbon to officially open Volvo CE’s new Americas’ headquarters building. The event also saw the unveiling of the first wheeled loader to roll off the Shippensburg site’s cutting edge assembly line. On the significance of the two big landmarks,
    Read More
  • Terex Trucks work on Austria’s North Autobahn A5 Vienna to Brno
    January 27, 2017
    Regional contractor Windisch has put five Terex TA300 articulated haulers to work shifting 1.4 million m3 of earth on the A5 motorway extension in Austria. The five 28tonne capacity TA300s have been selected by local contractor Windisch to take part in the expansion of the North Autobahn (A5) which will form a modern highway between Vienna in Austria and Brno in the Czech Republic. Austrian distributor Mlecka Construction, just outside of Vienna in Oeynhausen, supplied the vehicles that work 12-hour s
    Read More
  • Terex merger partner Konecranes plans efficiency savings
    February 10, 2016
    Finnish port crane manufacturer Konecranes, which plans to merge with Terex Corporation, said it will make annual cost savings of €25 million by the end of 2017. The company said that while merger talks with US manufacturer Terex continue, it needs to make efficiency savings. Around half of the savings will happen before the end of this year, according to a written statement. Plant down-sizing and closures are a possibility, as well as some streamlining of its product portfolio and its supply chain.
    Read More

Highlighted Content