Terex divests Atlas heavy construction equipment

  • 17-May-2010 11:23 EDT
Atlas Material Handler -0661.jpg

Terex divested its crawler, wheel, and rail excavators; knuckle-boom truck loader cranes; and Terex Atlas-branded material handlers (shown) so it can focus on its remaining Construction business.

Terex Corp. has completed the previously announced divestment of the Terex Atlas heavy construction equipment and knuckle-boom crane manufacturing operations located in Germany to Atlas Maschinen GmbH. Divested in the transaction were crawler, wheel, and rail excavators; knuckle-boom truck loader cranes; and Terex Atlas-branded material handlers. Also transferred was the Terex Atlas United Kingdom sales and service business. The company’s compact equipment made in Germany—namely mini- and midi-excavators and compact wheel loaders, as well as the Terex Fuchs material handler line—remain with Terex as part of the Construction business segment. Also not part of the transaction are Terex rigid and articulated trucks, backhoe loaders, and other products manufactured in the U.K. and Terex Roadbuilding equipment. ‘’With the completion of this transaction, Terex will now focus on growing and developing our remaining Construction businesses,’’ said Terex Chairman and CEO Ron DeFeo.

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