June 2, 2014, Goteborg, Sweden – The previously announced
acquisition of Terex’s hauler business has been made official following the completion of the deal. The final
purchase price paid by Volvo CE was $160 million USD (approx. SEK 1 bn)
on a cash and debt free
basis.
June 2, 2014, Goteborg, Sweden – The previously announced
acquisition of Terex’s hauler business has been made official following the completion of the deal. The final purchase price paid by Volvo CE was $160 million USD (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).
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