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Terex Materials Processing has acquired assets related to the environmental technology product lines of Austrian company Neuson Ecotec GmbH
Terex Environmental Equipment (TEE), part of the Terex Materials Processing segment, has been serving the wood, biomass, and recycling industries since 2011. The acquisition of the Neuson Ecotec Environmental Technology products will add chipping, shredding, screening, and composting products that will accelerate development of a global dealer network, while adding a facility in Linz, Austria that can support production requirements in continental Europe.
TEE Worldwide business director Tony Devlin said, “The addition of the Terex Ecotec Environmental Technology product lines will add further depth and breadth to an already significant portfolio of products that are managed by TEE. We are excited to add these products to our portfolio and to welcome legacy Neuson Ecotec personnel to the Terex Environmental Equipment team.”
The Neuson Ecotec products that Terex is acquiring will now be part of a global portfolio of distribution-oriented products that will soon be rebranded as Terex Ecotec. After combining these products with existing Terex products, products in development, and some of the products recently acquired from CBI, the Terex Ecotec line will be among the most comprehensive in the industry, said the company.
The products will be brought to the market through a network of world-class dealers, with the support of Terex resources and infrastructure around the world.
Terex's latest acquisition marks the expansion of the TEE business unit, following closely the purchase of assets of Continental Biomass Industries (CBI) in April 2015.