Volvo to make $160 mln hauler business acquisition from Terex


Monday, 9 Dec 2013 06:30am EST 

AB Volvo:Says Volvo Construction Equipment is to acquire the hauler manufacturer Terex Equipment Ltd from the Terex Corporation.Says the deal includes the main production facility in Motherwell, Scotland; two product ranges that offer both rigid and articulated haulers; distribution of haulers in the U.S. as well as a 25.2 percent holding in Inner Mongolia North Hauler Joint Stock Co (NHL).Says purchase consideration is about $160 million (about 1 billion Swedish crowns) on a cash and debt free basis.Says the transaction is expected to be finalized during Q2 2014. 

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