All our web sites Find a dealer
Home News and events News and stories Volvo Construction Equipment finalizes the acquisition of the hauler business from Terex
Press release

Volvo Construction Equipment finalizes the acquisition of the hauler business from Terex

The previously announced acquisition of Terex’s hauler business was today completed. The purchase consideration amounted to USD 160 M (approx. SEK 1 bn) 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 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. 

In 2013, the acquired businesses (excluding NHL) had net sales of approximately USD 228 M (approx. SEK 1.5 billion) and an operating income of approximately USD 9.5 M (approx. SEK 60 M). 

Journalists who wish further information, please contact

Karin Wik, Volvo Group, tel. +46 (0) 31 323 72 29
Klas Magnusson, Volvo CE, tel. +32 (0) 2482 5065

 

FOR FURTHER INFORMATION

Tiffany Cheng

Head of Brand, Marketing and Corporate Communication
Regions Asia and China
Volvo Construction Equipment
E-mail: tiffany.cheng@volvo.com



Åsa Alström

Head of Strategic Communications
Volvo Construction Equipment
Email: asa.alstrom@volvo.com

Our locations Press contacts Find your local dealer LinkedIn YouTube Instagram X Facebook Company information What we believe in Career News and events volvogroup.com Privacy Cookies