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Drilling & production - 11 January 2010

 
 

Bucyrus acquires Terex Corp’s mining equipment business

Bucyrus International Inc. has announced an agreement to buy the mining equipment business of Terex Corp. for US$ 1.3 billion in cash. The acquisition will create a premier supplier of mining equipment with an addressable market of US$ 30 billion and about 10,000 employees in 100 locations around the world.