Terex sells UK compact construction business to Mecalac

Terex agreed to sell its UK-based operation manufacturing backhoes, site dumpers, and compact compaction rollers to Mecalac, exiting the earthmoving equipment business. The deal is expected to close in the first half of 2017.

“We are pleased to enter into this agreement with Mecalac as they are a logical strategic buyer and have the resources and capability to further grow the business.”equipmentworld.com

• 1 source
• equipmentworld.comWith sale of backhoe line, Terex exits the earthmoving equipment business | Equipment WorldWayne GraysonDec 19, 2016

Summarized from public sources; check the original articles before acting on it.