WESTPORT, CT, March 4, 2008 – Terex Corporation (NYSE: TEX) today announced that it has completed the acquisition of A.S.V., Inc. (Nasdaq: ASVI) by means of a short form merger under Minnesota law.  ASV is now a wholly-owned subsidiary of Terex and part of the Terex Construction segment.

“We are extremely enthusiastic that ASV and its team members are now part of the Terex Construction family,” said Robert Isaman, President, Terex Construction.  “With ASV as a proven leader in compact track loader technology combining the global reach of Terex, we see a real opportunity for expanding ASV product sales.  ASV is an excellent strategic and cultural fit and provides a great addition to our product offerings as Terex continues to grow as a global construction equipment manufacturer.”

Hyundai Heavy Industries Co., Ltd. (HHI) announced that a Letter of Award (LOA) has been received from Elf Petroleum Nigeria, Ltd. (EPNL), a Nigerian subsidiary of French oil company Total S.A., to build a super-large Floating, Production, Storage, and Offloading unit (FPSO). The FPSO contract is worth US $1.6 billion.  

The FPSO will measure 320m in length, 61m in width, 32m in depth, and weigh 114,000 tons. It will be able to produce 160,000 barrels of oil and 5 million cubic meters of natural gas per day, and will be able to store 2 million barrels of oil.  

The FPSO will be completed by the end of 2011. It will be located in the Usan field, which is in water 750 meters deep, 100 km southeast of Bonny Island in Nigeria.  

HHI will carry out all phases of the project on a turnkey basis, from the engineering, procurement, and construction, to the test runs.  

“The FPSO is a high value-added facility that requires advanced technology in the engineering, construction, and installation of its precision instruments,” said an HHI representative.  

HHI has successfully completed at least one super-large FPSO every year since 1997, including the Kizomba A and B FPSOs for ExxonMobil, the Plutonio FPSO for BP, and the Akpo FPSO for Total.

HHI has received five consecutive orders from Total since 2005, when it won the first AKPO FPSO order. HHI's Offshore & Engineering Division is now in negotiations for further projects in West Africa and the North Sea.

Once again Merlo proves to be a company that looks to the future.

New models for the building industry will be unveiled on the international stage of Samoter, the three-yearly International Exhibition of Earth Moving, Site and Building Industry Machinery scheduled 5-9 March in Verona.

The exhibition offers a preview of two new telescopic handlers equipped with slewing turrets: Roto 45.19 and Roto 40.26 Mcss. They both belong to the very wide range of machines designed for handling purposes in the most diverse sectors.

The new Roto 45.19 stands out for the innovative design of its stabilisers. This high-profile technical solution allows stabilisers to be extracted and placed in their operating position with a single movement.

The new Roto 40.26 Mcss is a sure sign that innovation knows no limits.

By reaching an operating height of 26 metres, this telescopic handler sets a new standard in its category. It is designed to ensure high-end performance, and to offer a perfect solution for any use with its latest-generation technical features.

Cat Lift Trucks is proud to introduce a brand new range of electric lift trucks. The new package consists of 38 new models of the 3 and 4-Wheel Counterbalanced (EP-TCA and EP-CA series) and the Stand-on Reach Trucks (NRS-CA series).