Terex Zoomlion talks terminated
By Alex Dahm27 May 2016
Zoomlion has abandoned its plans to acquire Terex Corporation, today, 27 May.
China's Zoomlion Heavy Industry Science & Technology Co. has issued a statement announcing that it decided to end the talks over its proposed acquisition of USA-headquartered crane and construction equipment manufacturer Terex Corporation.
The Chinese construction equipment manufacturer said in its statement, "although the parties to the transaction have made their joint efforts to closely negotiate on the proposed transaction recently, no agreement can be reached on the crucial terms. The company therefore decided to terminate the negotiation in relation to the proposed acquisition of Terex."
The statement went on to say that Zoomlion "will continue to seek strategic opportunities for its long-term development, and further
procure its strategic transformation and industrial upgrading."
The gold standard in market research
Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.
Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.