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Terex Selling Truck Business to Volvo

Terex Corporation has agreed to sell its truck business to Volvo Construction Equipment for approximately $160 million.

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Terex Corporation has agreed to sell its truck business to Volvo Construction Equipment for approximately $160 million. The truck business manufactures and sells off-highway rigid and articulated haul trucks. The deal includes the firm’s Motherwell, Scotland manufacturing facility. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the first half of 2014. (Tyres & Accessories)

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