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Volvo Construction Equipment will acquire Terex Equipment Ltd, including its manufacturing facility in Motherwell, Scotland, and its rigid and articulated hauler product ranges. The sale is subject to UK government approvals and expected to close in H1 2014.
“Volvo Construction Equipment (Volvo CE) will acquire hauler manufacturer Terex Equipment Ltd (TEL) including related assets and intellectual property.”quarrymagazine.com
Summarized from public sources; check the original articles before acting on it.