Terex Mining is sold to Bucyrus International for 1.3 Billion
January 6th, 2010
Who is Terex Mining? According to the web sites I found it includes Trucks, excavators, drills, high wall systems, DTH hammers and auger tools. Other articles I have read talk about the company known as O&K this means you may recognize some of these brand names. Unit Rig, Reedrill, Superior Highwall, Halco, and Hypac. The Terex mining equipment business has about 40 facilities around the world with approximately 2000 employees.
Who is Bucyrus International, Inc.? Bucyrus International, Inc. sells Long wall systems, Room and pillar systems, Draglines, Hydraulic shovels, and drills. Tim Sullivan, CEO of Bucyrus stated “Through our extended product offering, we will continue to design and produce world-class machines and provide the best after-market support throughout the life of the equipment,” and “We will expand our geographic footprint and diversify our portfolio of products across a broader range of commodities.”
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Entry Filed under: General