M&A Deal Summary

Bucyrus International Acquires Terex Corp - Mining Equipment Business

On February 19, 2010, Bucyrus International acquired machinery company Terex Corp - Mining Equipment Business from Terex

Acquisition Highlights
  • This is Bucyrus International’s 1st transaction in the Machinery sector.
  • This is Bucyrus International’s 1st transaction in the United States.

M&A Deal Summary

Date 2010-02-19
Target Terex Corp - Mining Equipment Business
Sector Machinery
Buyer(s) Bucyrus International
Sellers(s) Terex
Deal Type Divestiture

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Buyer(S) 1

Buyer

Bucyrus International

Milwaukee, Wisconsin, United States

Category Company
Sector Machinery
Employees1,650
DESCRIPTION

Bucyrus International, Inc. is a manufacturer of large-scale excavation equipment used in surface mining and other earth moving operations including rotary blast hole drills, electric mining shovels, and draglines.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Terex

Norwalk, Connecticut, United States

Category Company
Founded 1933
Sector Machinery
Employees11,400
Revenue 5.1B USD (2024)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was founded in 1933 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 2 of 9
Sector: Machinery M&A 1 of 7
Type: Divestiture M&A Deals 2 of 8
Country: United States M&A 2 of 8
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 Fantuzzi - Port Equipment Businesses

Italy

Fantuzzi - Port Equipment is a designer, manufacturer, and servicer of port equipment, with factories in Italy, Germany and China, as well as sales and service branches around the world.

Buy €215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-16 Demag Cranes AG

Dusseldorf, Germany

Demag Cranes AG, is a supplier of industrial cranes, crane components and services under the Demag brand, as well as port technology with a broad range of manual, semi-automated and automated solutions under the Terex® and Terex® Gottwald brands.

Buy $1.4B