Terex Completes Sale of Truck Business to Volvo for $160 Million
Terex Corporation (NYSE:TEX) has 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.
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.
Category: Featured, General Update, Vehicles
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