Equipment

摘要

Volvo Construction Equipment is buying Terex Corp.'s off-highway truck business in a cash transaction worth $160 million. The sale, which includes articulating and rigid-frame trucks, allows Terex to continue to focus on lifting and materials-handling products, while Volvo expands in the earthmoving business, including light mining. The deal, set to close by the second quarter of 2014, will give Volvo the truck line, distribution and factory assets in Motherwell, Scotland, and a 25.2% stake in a Chinese manufacturer.