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Terex Acquires Superior Highwall Miners, Inc

Wednesday, November 7th, 2007

Terex Corporation announce that it has acquired Superior Highwall Miners, Inc. SHM, headquartered in Beckley, West Virginia, is a leading manufacturer of highwall mining equipment for use in trench mining, open pit mining, contour mining and auger hole mining applications. The total consideration for the transaction was approximately $140 million payable in cash. Terex anticipates that this transaction will be slightly accretive to 2008 earnings per share.
“We believe that the Superior Highwall Miners acquisition provides us with an important growth opportunity,” commented Ronald M. DeFeo, Terex Chairman and Chief Executive Officer. “The acquisition is a good fit with Terex’s strategy of expanding our market presence in related product areas and is a natural extension of our current Materials Processing & Mining Group business. SHM has existing North American coal relationships and we believe Terex can help accelerate its prospects for increasing success globally.”
For further information visit: www.terex.com

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LIUGONG DRESSTA
TAKRAF
thyssenkrupp
DSI
WEIR MINERALS
Terex
BEUMER