Terex to sell truck business to Volvo division

Dec 09, 2013 | 12:12 PM | Corinna Petry

Tags  Terex, Volvo Construction Equipment, Volvo, off-highway trucks, acquisition, steel composition, mining applications, Corinna Petry

CHICAGO — Heavy equipment manufacturer Terex Corp. has agreed to sell its off-highway truck business to Volvo Construction Equipment (Volvo CE) for about $160 million.

The sale, which includes Westport, Conn.-based Terex’s truck factory in Motherwell, Scotland, is subject to government regulatory approvals and is expected to close in the first half....

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