Terex completes acquisition of Atlas Weyhausen, The Schaeff Group

摘要

Terex Cor. Has completed the previously announced acquisitions of Atlas Weyhausen and The Schaeff Group. Atlas Weyhausen is a German manufacturer of wheeled excavators and truck-mounted articulated cranes and The Schaeff Group is a German manufacturer of compact construction equipment, including mini and midi excavators, compact wheel loaders and a full range of scrap material handlers. "We are delighted to welcome Atlas and Schaeff to the Terex family of businesses," says Ronald M. DeFeo, Terex chairman and CEO. "The acquisitions fit with Terex's strategy of diversifying both the products and geographic range of our customer offerings. In addition to adding about 400 million dollars in new revenue, the acquisitions also help address a strategic issue for the company by increasing our presence in Germany, Europe's largest construction market."