Volvo Construction Equipment, a division of the Swedish automobile manufacturer, has announced that it is purchasing the truck division of US heavy equipment manufacturer Terex for $160 million. Terex — based in Westport, Connecticut — will include its Motherwell, Scotland, plant and its off-highway grid articulated product range and articulated haul trucks line as part of the deal. The purchase allows Volvo to expand its offering in the light mining sector, according to a news release.