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Westport, CT – Terex Corporation announced that it has completed the acquisition of the port equipment businesses of Fantuzzi Industries S.a.r.l and Noell Crane for net consideration of approximately 155 million Euros.

"We are quite pleased that Fantuzzi and Noell and their team members are now part of the Terex Cranes family,” says Rick Nichols, president of Terex Cranes. "Although the global economy is slow today, the longer term prospects for intermodal transportation remain very attractive and substantial in scope.”

The existing Terex reach stacker product line will be joined by the Fantuzzi product range that includes Noell branded straddle carriers, both Fantuzzi and Noell branded rail and rubber tired gantry cranes, mobile harbor cranes, ship-to-shore cranes and reach stackers and forklift trucks.

Read the full story at terex.com.

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