Terex Materials Processing, a business segment of Terex Corp., has acquired the assets of the Environmental Technology product lines of Neuson Ecotec Gmbh, an Austrian company. The acquisition marks the further expansion of the Terex Environmental Equipment (TEE) business unit, following the purchase of the assets of Continental Biomass Industries in April.
TEE, part of the Terex Materials Processing segment, has been serving the wood, biomass, and recycling industries since 2011 and has already grown the segment. The acquisition of Neuson Ecotec Environmental Technology products will add chipping, shredding, screening and composting products that will accelerate the development of a global dealer network while adding a facility in Linz, Austria, that can support production requirements in continental Europe. Terex is not acquiring the Forestry division of Neuson Ecotec Gmbh, which will transition to Neuson Forest after closing.
The Neuson Ecotec products will 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 comprehensive.
“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,” said Tony Devlin, TEE Worldwide Business Director.
