Terex Corporation (TEX) to Acquire Controlling Interest of Ritz do Brazil

Terex Corporation (NYSE: TEX) has entered an agreement to acquire a controlling interest in the business of Ritz do Brazil S.A. Ritz produces equipment for the construction and maintenance of energized power lines up to 800kV. This transaction will represent a growth opportunity for both Ritz and Terex, increasing the global presence of both companies in a growth product category, while also strengthening Ritz’s access to parts distribution and aftermarket support.

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