SDC International has issued its binding offer to acquire 91.62% of the 100-year-old Czech truck maker, Tatra as. The tender included the share purchase agreement and investment agreement executed by SDC, along with a $500,000 tender deposit required by the Czech government's selling agent, Odien Restructuring Services. According to the official Czech News Agency CTK, the offer will be assessed by Odien and top management at Tatra. They then will submit their recommendation to the government.
Joining in the rebuilding plans for Tatra is SDC strategic shareholder Terex Corp. After the proposed acquisition, SDC will draw upon Terex's experience in providing technological and manufacturing know-how necessary for Tatra to compete worldwide. SDC expects to use Terex's global network for Tatra's distribution. Terex has a network of dealers in more than 1,000 locations in more than 60 nations.