Manitex International and Terex Corporation have completed the formation of a joint venture agreement for construction machinery built by ASV.

The company also announced that it has also completed the previously announced sale of 51 % of A.S.V. to Manitex. As a result, Manitex is now the majority owner of the joint venture in compact track loaders and skid steers that is 51 % owned by Manitex and 49 % owned by Terex, a company spokesperson said.

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