Terex, Manitex Complete Formation of Joint Venture

December 23, 2014

Terex Corporation has successfully completed the formation of its joint venture with Manitex International Inc. and completed the previously announced sale of 51 percent of ASV 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 percent owned by Manitex and 49 percent owned by Terex.