Rock to Road

Zoomlion continues pursuit of Terex

February 18, 2016  By  Andrew Macklin

February 18, 2016 – Chinese construction machinery manufacturer Zoomlion is continuing to push forward in its bid to acquire Terex.

According to the Belfast Telegraph, the $3.3 billion bid for Terex was made after the company had already agreed to merge with Finnish manufacturer Konecranes.

The Chinese firm has stated that it now has a concrete plan in place for acquiring Terex, which includes 60 per cent bank financing and 40 per cent cash.

Zoomlion is actively pursuing the purchase of a North American or European based construction manufacturer as it looks to significantly expand its global reach past China and emerging Asian markets.


For more on this story, click here.

Print this page


Stories continue below