Volvo CE set to acquire hauler business from Terex

摘要

In an attempt to improve the penetration in the core earthmoving segment and extend its presence in light mining, Volvo Construction Equipment has agreed to acquire the off-highway hauler business of the Terex Corporation for a purchase consideration of approx. USD 160 M (approx. SEK 1 billion) on a cash and debt free basis. Volvo Construction Equipment (Volvo CE) has announced that it has agreed with the Terex Corporation to acquire the hauler manufacturer Terex Equipment Ltd including related assets and intellectual property.