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
Terex truck
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.
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