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.
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