Terex to buy Dover's environmental solution business in deal valued at $2 bln (updated)
22/07/2024 12:07
(Adds details from release throughout)
July 22 (Reuters) - Terex TEX.N said on Monday it
would acquire Dover Corp's DOV.N environmental solutions
business in an all-cash deal valued at $2 billion.
The deal is expected to close in the second half of the
year.
Dover's environmental solution business consists of several
companies that build machinery and other ancillary equipment to
serve the waste collection industry.
UBS Investment Bank served as Terex's financial advisor
while Fried Frank and Pryor Cashman served as its legal advisors
for the deal.
(Reporting by Nathan Gomes in Bengaluru; Editing by Krishna
Chandra Eluri and Mrigank Dhaniwala)
((Nathan.Gomes@thomsonreuters.com;))