Research & Development and Capex Clause Samples

Research & Development and Capex. Terex acknowledges that the Demag Cranes business is driven by a very strong technological orientation, manifesting itself in a significant level of R&D spending. Based on publicly available information, Terex supports the Demag Cranes' strategy for expansion with due regard to the Company's status as a member of the Terex Group. Terex will support all relocation activities at the sites and locations in Düsseldorf and any changes to such sites and locations to complete the current integration and restructuring at Demag Cranes. Based on publicly available information, Terex will support the German R&D platform as a centre of excellence and as the core and growing R&D hub for the industrial cranes and port technology business in the future.