FOR IMMEDIATE RELEASE
TEREX COMPLETES FORMATION OF JOINT VENTURE
WITH MANITEX INTERNATIONAL, INC.
WESTPORT, CT, December 22, 2014 -- Terex Corporation (NYSE: TEX) today announced that it
has successfully completed the formation of its Joint Venture with Manitex International, Inc. (Manitex) and completed the previously announced sale of 51% of A.S.V., Inc. to Manitex. As a result, Manitex is now the majority owner of the joint venture in compact track loaders and skid steers that is 51% owned by Manitex and 49% owned by Terex.
Vice President, Investor Relations
Phone: (203) 222-5943
Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website (www.terex.com) and its Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.
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200 Nyala Farm Road, Westport, Connecticut 06880
Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com
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