Brief: Terex To Sell Demag Mobile Cranes Business to Tadano Ltd
23/02/2019 24:02
Feb 22 (Reuters) - Terex Corp TEX.N :
* PRESS RELEASE - TEREX TO SELL DEMAG® MOBILE CRANES
BUSINESS
* SAYS AGREED TO SELL ITS DEMAG MOBILE CRANES BUSINESS TO
TADANO
LTD. FOR AN ENTERPRISE VALUE OF APPROXIMATELY $215 MILLION
* INCLUDED IN TRANSACTION ARE MANUFACTURING FACILITIES IN
ZWEIBRUCKEN, GERMANY AND MULTIPLE SALES AND SERVICE LOCATIONS
* TEREX WILL CONTINUE TO MANUFACTURE TEREX UTILITIES
PRODUCTS AT
ITS WATERTOWN, SOUTH DAKOTA FACILITIES
Source text for Eikon: ID:nGNX50T6R9
Further company coverage: TEX.N
((Reuters.Briefs@thomsonreuters.com;))