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Manitou agrees to buy Terex's India-based compact equipment business
Manitou agreed to acquire Terex Equipment Private Limited (TEPL), which manufactures backhoes, skid steers and wheel loaders in Greater Noida, India. The business had revenue of €30 million ($32 million).
Productsbackhoesskid steerswheel loaders
“This acquisition perfectly fits our strategy to reinforce our presence on emerging markets.”equipmentworld.com
- 2 sources
- equipmentworld.comManitou buys Terex’s India-based backhoe, skid steer business | Equipment WorldWayne GraysonMar 29, 2017
- equipmentworld.comBusiness Roundup: Joy Global becomes Komatsu Mining; Construction spend up; Yanmar America org change; Cat shutters plants; Manitou buys Terex’s India compact business | Equipment WorldChris Hill (EQWApr 11, 2017
Summarized from public sources; check the original articles before acting on it.
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