Product Code Database
Terex Corporation is an American company and worldwide manufacturer of materials processing machinery, waste and recycling equipment, mobile elevating work platforms, and equipment for the electric utility industry. Terex does business in the Americas, Europe, Australia and Asia Pacific.
General Motors sold the Terex division to German firm IBH Holding AG led by Horst-Dieter Esch de in 1980. After IBH Holding AG declared bankruptcy in 1983, ownership of Terex returned to General Motors and was organized as Terex Equipment Limited (Scotland), Terex do Brasil Limitada (Belo Horizonte, Brazil), and Terex USA (Hudson, Ohio).
American entrepreneur Randolph W. Lenz purchased Terex USA from GM in 1986, then exercised an option to purchase Terex Equipment Limited in 1987. In 1988, Lenz merged his primary construction equipment asset, Northwest Engineering Company, into Terex Corporation, making Terex the parent entity.
Terex Corporation was incorporated in Delaware in 1986 and listed on the New York Stock Exchange in 1991. As a publicly traded company, Terex grew from acquisitions under the leadership of Ron DeFeo, who became president in 1993 and CEO in 1995.
In 1997, Terex acquired mining business from O&K, including the world'
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In 2010 Terex sold its mining business to
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In December 2013, Volvo Construction Equipment (VCE) acquired the Terex line of heavy haul trucks. In September 2021 VCE rebranded the business Rokbak.
In 2015, John L. Garrison, Jr., succeeded Ron DeFeo as President and CEO and further transformed the business through acquisitions, new-business launches, and divestitures. In January 2024, Terex named Simon A. Meester, formerly President of Genie and the company's Aerial Work Platforms business segment, as Terex President and Chief Executive Officer.
MP manufactures crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and pavers, and conveyors. Customers use these products in construction, infrastructure and recycling projects, quarrying and mining, landscaping and biomass production, material handling, maintenance, moving materials on rugged terrain, lifting construction material, and placing material at point of use. MP brands include Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, MARCO, Green-Tec, Magna, and Terex Recycling Systems.
Aerials manufactures mobile elevating work platforms (MEWPS) and telehandlers. Customers use these products to construct and maintain industrial, commercial, institutional and residential facilities, for purposes within the entertainment industry, and infrastructure projects. Aerials markets principally under the Genie brand.
ES manufactures waste, recycling, and utility equipment including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers, recycling equipment, digger derricks, insulated aerial devices, self-propelled articulating insulated booms, cameras with integrated smart technology, and waste hauler software solutions. Customers use these products in the solid waste and recycling industry, and for construction and maintenance of transmission and distribution lines, tree trimming, and foundation drilling applications. ES brands include Heil, Marathon, Curotto-Can, Bayne Thinline, Parts Central, digital solutions 3rd Eye and Soft-Pak, and Terex Utilities.
Acquisitions
1999 – Powerscreen, Finlay, Simplicity, Franna
2001 – Canica, Jaques, Bid-Well, CMI Roadbuilding
2002 – Genie, Fuchs, Advance Mixer
2020-2023 – MDS, Steelweld, ZenRobotics, ProAll, MARCO
2024 – Environmental Solutions Group (ESG)
Divestitures
2013 – Roadbuilding / Heavy hauling businesses Terex Agrees to Sell Truck Business to Volvo for $160 Million investorsterex.com December 09, 2013
2017 – MHPS port handling business; construction business
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