Terex Materials Processing has acquired the assets related to the Environmental Technology product lines of Neuson Ecotec GmbH.
The purchase marks further expansion of the Terex Environmental Equipment (TEE) business unit, closely following the acquisition of the assets of Continental Biomass Industries (CBI) in April. TEE has been serving the wood, biomass, and recycling industries since 2011 and has already delivered meaningful growth. 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.
Terex is not acquiring the Forestry division of Neuson Ecotec GmbH, which will transition to Neuson Forest after closing.
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.
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.”