WESTPORT, Conn.--(BUSINESS WIRE)--Jun. 2, 2014--
Terex Corporation (NYSE:TEX) today announced that it has completed the
sale of its truck business to Volvo Construction Equipment for a
purchase price of $160 million. The truck business manufactures and
sells off-highway rigid and articulated haul trucks. Included in the
transaction is the manufacturing facility in Motherwell, Scotland.
About Terex
Terex Corporation is a diversified global manufacturer reporting in five
business segments: Aerial Work Platforms, Construction, Cranes, Material
Handling & Port Solutions and Materials Processing. Terex manufactures a
broad range of equipment for use in various industries, including the
construction, infrastructure, quarrying, manufacturing, mining,
shipping, transportation, refining, energy and utility industries. Terex
offers financial products and services to assist in the acquisition of
Terex equipment through Terex Financial Services. Terex uses its website
(www.terex.com)
and its Facebook page (www.facebook.com/TerexCorporation)
to make information available to its investors and the market.
Source: Terex Corporation
Terex Corporation
Tom Gelston, 203-222-5943
Vice President,
Investor Relations
thomas.gelston@terex.com