TEREX COMPLETES SALE OF TRUCK BUSINESS TO VOLVO FOR $160 MILLION

2 June 2014, 00:00

WESTPORT, CT, June 2, 2014 -- Terex Corporation (NYSE: TEX) today announced that it has completed the sale of its truck business to Volvo Construction Equipment for a purchase price of $160 million. The truck business manufactures and sells off-highway rigid and articulated haul trucks. Included in the transaction is the manufacturing facility in Motherwell, Scotland.