Terex buys controlling interest in Tatra

Terex announced Wednesday it has acquired 51 percent of the outstanding common shares of Tatra, a Czech Republic manufacturer of on/off-road heavy-duty vehicles. The acquisition brings Terex’s total ownership in Tatra to approximately 71 percent. The current Tatra board of directors and supervisory board will not change, but Fil Filipov, president of Terex Cranes, will become chairman of the supervisory board.