Terex rigid and articulated haulers provide a strong complement
to Volvo CE's product range.
Photo: Courtesy of Terex

The newly named Terex Trucks is committed to its customers, products and dealers, claims the company's longstanding managing director Paul Douglas in a statement of intent almost two months since its acquisition by Volvo Construction Equipment. In his first public announcement since the company's acquisition was completed on June 1, Douglas said Terex Trucks would continue to operate as an independent business while at the same time drawing on the resources and expertise of its parent company.

"Our new owned but independent status gives us the best of both worlds," said Douglas. "We retain our lean and agile organizational structure, our entrepreneurial spirit, customer focus and speed of execution – but with the added benefits that being part of a global leader in the construction equipment industry brings with it."

Douglas also used the occasion to make clear statements about the future of the company.

"The Terex Trucks name will remain for the long term and we remain fully committed to our entire customer base and product range. That means both rigid and articulated haulers will play important roles in the company's future, and we will continue to support the entire field population with parts and service. We are also committed to retaining our dealer partners, our existing production footprint and our skilled and committed workforce."

Terex Trucks' new owner is also satisfied with its purchase. According to Andrew Knight, VP strategy and business development, "Volvo CE has made no secret of its longstanding wish to offer customers a rigid hauler option."