# 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).

- Type: Acquisition
- Announced: 2017-03-29
- Where: Greater Noida, India, India
- Status: announced
- Products: backhoes, skid steers, wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Terex Corporation](https://endata.com/companies/15079.md) (target)
- [Manitou](https://endata.com/companies/17913.md) (acquirer)
- [Terex Equipment Private Limited](https://endata.com/companies/23181.md) (target)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/construction-equipment/article/14967037/manitou-buys-terexs-indiabased-backhoe-skid-steer-business), 2017-03-29: "This acquisition perfectly fits our strategy to reinforce our presence on emerging markets."
- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/14967106/business-roundup-joy-global-becomes-komatsu-mining-construction-spend-up-yanmar-america-org-change-cat-shutters-plants-manitou-buys-terexs-india-compact-business), 2017-04-11: "Manitou buys Terex’s India compact business"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.