16 June 1999
Terex to buy Powerscreen

THE US maker of construction equipment, Terex Corporation, is paying £181 million to acquire Powerscreen, the heavy machinery company based in Northern Ireland.

Powerscreen was embroiled in controversy last year when accounting irregularities were found in its Matbro subsidiary. It was investigated by the Serious Fraud Office.

  • The Times 16/06/99 page 31
  • Financial Times 16/06/99 page 31
  • The Daily Telegraph 16/06/99 page 31
  • The Herald 16/06/99 page 19