Terex Sells Off Portions of Its Equipment Business

In tough times, you work a little leaner. Terex was a company that certainly grew into one of the world’s largest manufacturers over the last 15 years with lots of acquisitions — from its purchase of PPM Cranes in 1995 to its acquisition of ASV in March 2008. But in January and February, the equipment mogul started the process of sliming down, selling off two of its product lines — power buggies and generators — in hopes of getting back to what it does best.  

“At this point in time, it makes sense for Terex AWP to focus on our core products such as Genie aerial lifts, telehandlers and light towers,” said Brad Allen, global general manager of scissors, portables and light towers at Terex AWP. “The Terex line of generators offers Cummins an opportunity to vertically integrate and manufacture the same high-quality generators Terex has been private labeling for them during the past several years.”

Terex AWP has sold the Terex generator product line to Cummins Power Generation for an undisclosed amount. Terex models are among the industry’s most heavy-duty generators, offering a range of power capacities from 30 to 360 KVA. Features include enough capacity to carry 24 hours of fuel on board, a heavy-duty trailer and consistent, accurate voltage regulation. Warranty support for Cummins branded units will begin immediately. Warranty support for Terex branded units will continue to the end of 2010. Parts support will be supplied by Terex AWP for 180 days from date of sale, at which point Cummins will assume parts support ownership.

Terex also announced the sale of the Terex power buggy product line to Indy Equipment, a premier equipment dealer based in Independence, Ohio. The sale to Indy Equipment was for an undisclosed amount.

“We made the decision to close the Terex power buggy line in September 2009, as part of a larger strategy to focus on our core aerial competencies,” said Allen. “Indy Equipment is a respected dealer in the industry and is the right fit to sell and market the power buggy product line.”

The power buggy product line consists of two models: 16-ft³ (453 L) and 21-ft³ (595 L) capacities. The products feature simultaneous dump and hydrostatic drive capability for feathering loads in forward and reverse. Power is supplied through a heavy-duty hydraulic pump and two high-efficiency drive motors. Offering the industry’s largest and most efficient wheel motors, Terex power buggies allow for higher speeds and more reliable braking. Parts and warranty support for all units will transition to Indy Equipment effective Feb. 15.