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03-21-2008, 07:54 PM
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#1 (permalink)
| | Site Ogre & Admin
Status:  Join Date: Oct 2007 Location: New York
Posts: 2,181
Points: 69  |  Terex Corporation Completes Acquisition of A.S.V., Inc.
Terex Corporation Completes Acquisition of A.S.V., Inc.
WESTPORT, CT, March 4, 2008 – Terex Corporation (NYSE: TEX) today announced that it has completed the acquisition of A.S.V., Inc. (Nasdaq: ASVI) by means of a short form merger under Minnesota law. ASV is now a wholly-owned subsidiary of Terex and part of the Terex Construction segment. About Terex
Terex Corporation is a diversified global manufacturer with 2007 net sales of $9.1 billion. Terex operates in five business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com. About ASV
A.S.V., Inc. designs, manufactures and sells rubber track machines and related components, accessories, and attachments. Its purpose-built chassis and patented rubber track undercarriage technology are unique and lead all rubber track loaders in innovation and performance. ASV products are able to traverse nearly any terrain with minimal damage to the ground, making them effective in markets such as construction, landscaping, forestry and agriculture. ASV’s wholly-owned subsidiary Loegering Mfg., Inc. designs, manufactures and sells traction products and attachments for the skid-steer industry. For more information, visit ASV’s website at ASV Posi-Track Rubber Track Loaders - The Clear Choice Over Skid Steers | | | |
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03-21-2008, 09:11 PM
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#2 (permalink)
| | Senior Member
Status: Join Date: Mar 2008 Location: Eastern MA
Posts: 2,063
Points: 0 |
Quote:
Originally Posted by Ducati996  Terex Corporation Completes Acquisition of A.S.V., Inc.
WESTPORT, CT, March 4, 2008 – Terex Corporation (NYSE: TEX) today announced that it has completed the acquisition of A.S.V., Inc. (Nasdaq: ASVI) by means of a short form merger under Minnesota law. ASV is now a wholly-owned subsidiary of Terex and part of the Terex Construction segment. | Two of my very favorite equipment companies... but for completely different reasons! 
Let's hope they leave ASV alone to do their most excellent tracked equipment thing and not interfere too much, cheapen too much or paint the dang machines white just to match the other lines! 
Dougster  | | | |
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03-22-2008, 02:24 AM
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#3 (permalink)
| | Rara Avis
Status: Join Date: Nov 2007 Location: Vermont
Posts: 1,899
Points: 0 |
Quote:
Originally Posted by Dougster Two of my very favorite equipment companies... but for completely different reasons!
Let's hope they leave ASV alone to do their most excellent tracked equipment thing and not interfere too much, cheapen too much or paint the dang machines white just to match the other lines!
Dougster | If they paint them white...people will mistake them for Bobcats...  |
Paul in VT
I used to own an ant farm but had to give it up. I couldn't find tractors small enough to fit it.
-- Steven Wright | |
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03-22-2008, 11:07 AM
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#4 (permalink)
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Status: Join Date: Mar 2008 Location: Eastern MA
Posts: 2,063
Points: 0 |
Quote:
Originally Posted by PaulChristenson If they paint them white...people will mistake them for Bobcats... | And let's be honest: Those white-painted Bobcats do not exactly "weather" well.  If I ever manage to buy a Terex backhoe, I'm gonna paint the dang thing Deere/CAT yellow!!!
Dougster | | | |
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