Terex Further Expands Environmental Equipment Business
Terex Materials Processing has acquired the assets related to the Environmental Technology product lines of Neuson Ecotec GmbH (an Austrian company). This acquisition marks further expansion of the Terex Environmental Equipment business unit, closely following the purchase of the assets of Continental Biomass Industries in April. The acquisition of the Neuson Ecotec Environmental Technology products will add chipping, shredding, screening, and composting products that will accelerate development of a global dealer network while adding a facility in Linz, Austria that can support production requirements in continental Europe. Terex is not acquiring the Forestry division of Neuson Ecotec GmbH, which will transition to Neuson Forest after closing.
The Neuson Ecotec products that Terex is acquiring will now be part of a global portfolio of distribution-oriented products that will soon be rebranded as Terex Ecotec.