Volvo Construction Equipment VOLVY has announced that it has agreed
with the Terex Corporation TEX to acquire the hauler manufacturer Terex
Equipment Ltd including related assets and intellectual property. The
deal, which is subject to regulatory approval, includes the main
production facility in Motherwell, Scotland and two product ranges that
offer both rigid and articulated haulers. It also includes the
distribution of haulers in the U.S. as well as a 25.2% holding in Inner
Mongolia North Hauler Joint Stock Co (NHL), which manufactures and sells
rigid haulers under the Terex brand in China. NHL is listed on the
Shanghai Stock Exchange.
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