Terex-Yanmar, Oldenburg Sales Finalized

07 October 2016

A couple of previously announced deals have now been finalized.

Terex Corp. announced that it has completed the sale of its German compact construction business to Yanmar Holdings Co., Ltd. for $60 million in cash. The German compact construction business manufactures and sells midi/mini excavators, wheeled excavators and compact wheel loaders. Included in the transaction is the manufacturing facility located in Crailsheim, Germany and the parts distribution center located in Rothenburg, Germany.

The Oldenburg Group, Milwaukee, Wis. has finalized the sale of two of its three divisions, underground mining equipment and defense businesses, to J.F. Lehman & Co., a private equity firm.  Financial terms of the sale were not made public. However, Lehman has said it will not close Oldenburg’s plants, which include facilities in Wisconsin and Michigan.

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA