BDA Partners is pleased to announce that its client, Terex Corporation (\u201cTerex\u201d), has agreed to sell its compact construction equipment (\u201cCCE\u201d) business in Germany for approximately US$60m to Yanmar Holdings, a Japanese manufacturer of diesel engines, machinery, and equipment. BDA acted as the exclusive financial advisor to Terex.<\/p>\n
Terex\u2019s CCE business operates in three locations across the United Kingdom, Germany, and India. The German CCE business manufactures and sells midi\/mini excavators, wheeled excavators, and compact wheel loaders.<\/p>\n
Included in the transaction is the manufacturing facility located in Crailsheim, Germany and the parts distribution center located in Rothenburg, Germany. Terex continues to own and operate the UK and Indian CCE businesses.<\/p>\n
The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the second half of 2016.<\/p>\n
John Garrison, Terex President and CEO, said \u201cWe are pleased to enter into this agreement with Yanmar, as they represent a strong strategic buyer for this business who values our quality designs, global team members, and distribution partners.\u201d<\/p>\n
Jeff Acton, Managing Director and Head of BDA Tokyo, said \u201cThis transaction builds on BDA\u2019s strong record in the industrial sector. It reinforces our preeminent position managing and closing global transactions, and attracting sophisticated Japanese and other Asian buyers for high quality Western assets.\u201d<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-585","transaction","type-transaction","status-publish","hentry"],"acf":[],"yoast_head":"\n