Terex
| Terex Corporation
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US8807791038 |
| founding | 1968 |
| Seat |
Westport , Connecticut ,
|
| management | John L. Garrison, Jr. ( President and CEO ) |
| Number of employees | 20,500 (2013) |
| sales | 7,084,000,000 US dollars (2013) |
| Branch | mechanical engineering |
| Website | www.terex.com |
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Terex is a major US manufacturer of construction equipment based in Westport , Connecticut . The group operates in five business segments : aerial work platforms , construction machinery , cranes , material processing and mining, and road construction.
The company owns a large number of naming rights that are to be gradually consolidated under the Terex brand . Terex is one of the largest construction machinery manufacturers in the world. The growth took place through the acquisition of smaller construction machinery manufacturers who were in financial difficulties. B. Atlas as well as Schaeff , Fuchs and Demag .
history
Beginnings
Terex was originally a construction machinery brand created by General Motors (GM) . The brand was introduced in 1970 and represents a suitcase word from the Latin terms “terra” (earth) and “rex” (king). During the economic recession in the 1980s, GM sold Terex to the German IBH Holding in 1981 . After the IBH bankruptcy, Terex reverted to GM in 1983. 1987 Koehring was taken over. In 1991 the company was listed on the NYSE. In the following year, the forklift manufacturer Clark Material Handling Company (CMHC) was taken over by the Clark Equipment Company . CMHC was sold again in 1996. The buyer was the management of CMHC.
expansion
In 1999 Terex bought Powerscreen, a manufacturer of crushing and screening systems . In 2001 the backhoe loader manufacturer Fermec was taken over from competitor CNH Global .
With the acquisition of Demag construction crane, the company is the manufacturer of the CC 8800-Twin, the most powerful crawler crane in the world. The new development of the AC 1000-9 (presented at Bauma 2010), the world's most powerful telescopic crane, which can be moved with a telescopic boom within the statutory axle load limit of 12 t, also came from Terex Demag .
Concentration on building construction
In 2011, Terex also acquired the majority in Demag Cranes , the manufacturer of industrial cranes . In contrast, the dump truck business was sold in 2014. The company now called Terex Trucks became the property of Volvo .
On August 11, 2015, Terex announced that it would merge with the Finnish crane manufacturer Konecranes . Technically speaking, Konecranes takes over Terex. For each Terex share , shareholders should receive 0.8 Konecranes shares. The new company will trade as Konecranes Terex , be based in Hyvinkää , Finland , generate $ 10 billion in annual sales and employ 32,000 people. The combined company's shares will be listed on Nasdaq Helsinki and the New York Stock Exchange . Terex CEO John L. Garrison Jr. is set to lead the new company, while current Konecranes Chairman Stig Gustavson remains at the new company. On 26 January 2016, the Chinese construction machinery manufacturer announced Zoomlion Heavy Industries an unsolicited offer 30 dollars per share, or a total of 3.3 billion US dollars from Terex. This is more than double the Terex closing price the previous day. As announced by Zoomlion on February 17, 2016, 60 percent of this is to be financed from a bank debt. A little later, Terex announced that it would stop the merger with Konecranes or the associated integration work for the time being.
In 2016, Terex sold its European compact machine business, including the Crailsheim site, to Yanmar for USD 60 million . At the end of 2016, it was also decided to sell the English subsidiary, which manufactures backhoe loaders, for example, to Mecalac .
Terex Cranes
Terex Cranes comprises the crane business with the Demag and Terex brands. Former brands were PPM , Bendini , Comedil , Fantuzzi , Ferro , American , Peiner , Franna , Changjiang , Lorain , Koehring , P&H , RO Stinger and Bantam .
Terex in Germany
Terex subsidiaries include:
- Terex Deutschland GmbH with the Terex Schaeff, Noell and Terex / Fuchs divisions
Former Terex subsidiaries:
- Terex Cranes Germany GmbH in Zweibrücken, since 2019 part of the Japanese crane manufacturer Tadano as Tadano Demag
- Terex O&K was sold to Bucyrus International in early February 2010 , which has been part of Caterpillar since July 2011 .
- The former subsidiary Terex-Atlas was sold after losses in the double-digit million range at Terex in March 2010 and became independent again under the name Atlas Maschinen GmbH . At the same time, the investor Fil Filipov acquired the Kaelble brand and transferred it as Atlas Kaelble to Atlas Maschinen GmbH .
Acquisitions and Brands
| Takeover of | year | Products | Year of sale / closure |
|---|---|---|---|
| Bendini | 1987 | Cranes | |
| Bantam | 1987 | Loading cranes | |
| Koehring | 1987 | Cranes | |
| PPM | 1995 | Cranes | |
| Bendini | 1995 | Cranes | |
| P&H Mining | 1995 | Cranes | |
| RO Stinger | 1997 | Cranes | |
| Payhauler | 1998 | Dump truck | |
| Gru Comedil | 1998 | Cranes | |
| Tormentor | 1998 | Cranes | |
| American crane | 1998 | Cranes | |
| Franna | 1998 | Pick and Carry cranes | |
| O&K mining | 1998 | Large excavator | 2010 |
| Cedarapids | 1999 | Stone crusher | |
| Fermec | 2000 | Compact construction machines | 2016 |
| Atlas | 2001 | Excavator | 2010 |
| Bid well | 2001 | Road construction | |
| Ferro | 2001 | Cranes | |
| CMI roadbuilding | 2001 | Asphalt construction machines | |
| Jaques Limited | 2001 | Stone crusher | |
| Genie Industries | 2002 | Working platforms | |
| Demag mobile cranes | 2002 | Mobile cranes | |
| Schaeff | 2002 | Compact construction machines | 2016 |
| Tatra Mountains | 2002 | truck | 2006 |
| Advance mixer | 2002 | concrete mixer | |
| Fox | 2002 | Material handler | |
| Pacific Utility Equipment | 2002 | ||
| ASV | 2008 | Skid steer loader | |
| Fantuzzi | 2009 | Harbor cranes | |
| Noell Mobile Systems | 2009 | Straddle carrier | |
| Shandong Topower Heavy Machinery Corporation | 2010 | Cranes | 2017 |
| Demag Cranes | 2011 | Industrial cranes |
Web links
Individual evidence
- ↑ Management ( Memento of the original from October 10, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b 2013 Annual Report , accessed March 2, 2015.
- ↑ a b c d e Terex History at www.terex.com , accessed March 2, 2015
- ↑ http://www.nytimes.com/1992/05/29/business/company-news-clark-equipment-to-sell-forklift-business-to-terex.html
- ↑ https://www.nytimes.com/1999/06/16/business/company-news-terex-agrees-to-acquire-powerscreen-for-294-million.html
- ↑ http://www.cranestodaymagazine.com/news/terex-corporation-acquires-fermec-from-cnh/
- ↑ Data sheet Terex Demag CC 8000-1 Twin
- ↑ Data sheet Terex Demag AC 1000-9 (PDF; 13.5 MB)
- ^ History. In: terextrucks.com , accessed January 3, 2016
- ↑ Terex and Konecranes: Demag mother company merges with Finnish crane manufacturer. In: handelsblatt.de , accessed on August 14, 2015
- ↑ http://www.konecranes.com/resources/media/releases/2015/konecranes-and-terex-to-form-leading-global-lifting-and-material-handling-solutions-company
- ↑ http://www.ft.com/intl/cms/s/0/70d3d58e-d53b-11e5-829b-8564e7528e54.html?ftcamp=published_links%2Frss%2Fhome_asia%2Ffeed%2F%2Fproduct
- ↑ http://www.reuters.com/article/us-terex-ma-konecranes-idUSKCN0VS20G
- ^ Yanmar Acquires Terex Corporation's Compact Construction Equipment Business. In: yanmar.com , accessed July 5, 2016
- ↑ Mecalac buys Terex plant in Coventry , at www.bi-medien.de , accessed on April 5, 2017
- ^ Terex Cranes
- ↑ PPM
- ↑ a b Bendini
- ↑ Comedil
- ↑ a b c Fantuzzi
- ↑ a b Ferro
- ↑ American
- ↑ Peiner
- ↑ a b Franna
- ↑ Changjiang
- ↑ a b Lorain
- ↑ a b Koehring
- ↑ a b P&H
- ↑ a b RO Stinger
- ↑ a b Bantam
- ↑ Fontanafredda on www.terex.com , accessed on May 7, 2017
- ↑ Peiner on www.terex.com , accessed on May 7, 2017
- ^ Terex Acquires CMI, Closes Plants , at www.rermag.com , accessed May 6, 2017
- ↑ History at www.terex.com , accessed on May 6, 2017
- ↑ Terex buys Genie , at www.vertikal.net , accessed May 6, 2017
- ↑ Terex Telelect acquires Pacific Utility firm , on www.deseretnews.com , accessed on May 7, 2017
- ↑ Würzburg , on www.terex.com , accessed on May 7, 2017
- ↑ Terex closes plant in China , from www.vertikal.net , accessed on May 7, 2017
