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Terex and Vermeer have entered into a partnership that will result in a Terex-built compact track loader for Vermeer.
The Terex announcement says the CTLs are designed for forestry applications and are part of a private label agreement—meaning they will be sold under the Vermeer name.
“This agreement represents a good opportunity for incremental volume to better leverage our manufacturing operations in Grand Rapids, Minnesota and drive additional operational efficiencies through our production and supply chain,” said Dean Barley, vice president and general manager of Terex’s Construction Americas and Global Aftermarket divisions.
Specific details such as model numbers and power specs were not given in the Terex announcement, but we’ll update you as soon as we know more.