Volvo CE completes acquisition of Terex hauler business

Volvo CE announces it has finalized its acquisition of Terex's hauler business.

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The previously announced acquisition of Terex’s hauler business was completed. The purchase consideration amounted to USD 160 M (approximately 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 (approximately SEK 1.5 billion) and an operating income of approximately USD 9.5 M (approximately SEK 60 M).

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