M&A Deal Summary

Terex Acquires Reedrill

On December 31, 2004, Terex acquired energy services and equipment company Reedrill from Metso Outotec

Acquisition Highlights
  • This is Terex’s 1st transaction in the Energy Services and Equipment sector.
  • This is Terex’s 5th transaction in the United States.
  • This is Terex’s 1st transaction in Texas.

M&A Deal Summary

Date 2004-12-31
Target Reedrill
Sector Energy Services and Equipment
Buyer(s) Terex
Sellers(s) Metso Outotec
Deal Type Divestiture

Target

Reedrill

Denison, Texas, United States
Reedrill is a manufacturer of surface drilling equipment for use in the mining, construction and utility industries.

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Buyer(S) 1

Buyer

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 8 of 23
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 4
State: Texas M&A 1 of 2
Country: United States M&A 5 of 15
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Terex Mining Truck Business

United States

Terex's Mining Truck Business consists of eight-model line of DC and AC electric drive mining trucks. The trucks are sold under the Payhauler and Unit Rig brand names.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Superior Highwall Miners

Beckley, West Virginia, United States

Superior Highwall Miners, Inc. is a manufacturer of highwall mining equipment for use in trench mining, open pit mining, contour mining and auger hole mining applications.

Buy $140M

Seller(S) 1

SELLER

Metso Outotec

Helsinki, Finland

Category Company
Founded 1990
Sector Machinery
Employees17,424
Revenue 4.9B EUR (2024)
DESCRIPTION

Metso is a frontrunner in sustainable technologies, end-to-end solutions, and services for the aggregates, minerals processing, and metals refining industries globally. Metso was founded in 1990 and is based in Helsinki, Finland.


DEAL STATS #
Overall 2 of 9
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 8
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-07 Segments of Svedala Industri AB

Svedala, Sweden

Svedala Industri AB offers products for the mining and construction industry including crushers, screens and feeders as well as mobile crushers and screening stations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-23 Metso Powdermet AB

Surahammar, Sweden

Metso Powdermet AB, based in Surahammar, Sweden, is a supplier of powder metallurgy hot isostatic pressing (HIP) products and components. It provides material technology solutions mainly for offshore, general engineering and energy industry customers.

Sell -