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

  • Caution not catastrophe in European market, says Volvo CE EMEA sales boss
    August 14, 2012
    There is caution but no catastrophe in the European construction equipment sales market, according to Volvo Construction Equipment (CE) EMEA sales president Tomas Kuta. Speaking at a press conference to launch Volvo CE’s PL3005D pipelayer, and ahead of the in-port race of the Volvo Ocean Race in Lorient, France, Kuta said: “Europe is not a catastrophe. Our Quarter 1 (2012) results were very much driven by Europe, but it’s the outlook that is so uncertain. “We (Volvo CE) have seen good development in the no
    Read More
  • Terex Trucks’ productive bauma following launch of TA400 ADT
    April 14, 2016
    Terex Trucks is in line for a very productive haul by the end of bauma 2016. The Motherwell, Scotland-headquartered, globally renowned articulated and rigid hauler manufacturer is here launching its new Stage IV compliant TA400 ADT - at 38tonnes the largest and first of the Volvo Construction Equipment-owned company’s new generation 10 hauler lineup. The firm is also showcasing its popular 65tonne TR70 rigid dump truck. “We’ve got quite a few deals just waiting to be signed,” said Jacqueline Reid, ma
    Read More
  • Terex Trucks scoring order in South Africa
    May 11, 2018
    Terex Trucks is building its market share in South Africa through its partnership with Babcock International The Generation 10 articulated hauler is now developing sales in the Southern Africa region, while the rigid haulers such as the top-of-the-range TR100 are also said to be proving popular. With a series of investments, Terex Trucks has been working together with Babcock to strengthen the perception of its articulated and rigid haulers, through factory visits to the manufacturer’s headquarters in Mo
    Read More
  • Terex Trucks shows faith with extended ADT support
    March 9, 2017
    Terex Trucks has launched the Generation 10 range of articulated dump trucks (ADT) in the North American market at the CONEXPO-CON/AGG show in Las Vegas. The trucks feature an upgraded cab environment, new engine canopy, efficient Tier 4 engines and smoother transmissions, all aimed at improving productivity and performance for the customer.
    Read More

Highlighted Content