Terex Now Fully Divested of Construction Machinery With Recent Sale to Mecalac

Terex Corporation has agreed the sale of its Coventry, UK-based compact construction business to a subsidiary of Groupe Mecalac.

Mecalac is a French manufacturer of compact loaders and excavators. Terex’s Coventry business makes and sells backhoe loaders, site dumpers and compact compaction rollers that have their roots in the Fermec and Benford brands. The sale is subject to customary closing conditions and is expected to complete in the first half of 2017.

The future of the Coventry operation had been in doubt since June when Terex sold the former Schaeff business to Yanmar for US$60m, saying that construction machinery was no longer a core business.

The price that Mecalac is paying has not been disclosed yet.

Terex is now out of general construction machinery and focused on the specialist niches of cranes, access equipment and crushing/screening machinery.

For more about Terex's sale of its UK compact business...