The previously announced acquisition of Terex’s hauler business by Volvo Construction Equipoment has been completed. The purchase consideration amounted to US$160 million (approximately SEK 1 billion/€118 million) on a cash and debt-free basis.
The deal 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 US as well as a 25.2% holding in Inner Mongolia North Hauler Joint S