Cummins Power Generation buys Terex Generator Set assets
| April 12, 2010 |
Cummins Power Generation announced the purchase of the generator set assets of Westport, Ct.-based Terex Corp. The agreement, effective Jan. 22 but publicly announced on March 31, increases Cummins Power Generation’s rental business capabilities through expanded production operations in its Fridley, Minn., facility.
“Cummins Power Generation and Terex Corporation have had a long-standing relationship,” said Larry Fetting, director, Global Rental Segment Development, in a written statement “We are excited about our investment to acquire the Terex assets. We see this as a natural next step in our commitment to exercise more control concerning our rental product manufacturing requirements and to support the growth of our rental business, with the primary goal of enabling us to better meet the needs of our customers.
“Even more important,” Fetting added with emphasis, “our customers can be assured that this acquisition reaffirms our dedication to providing them with an enhanced level of rental product quality, reliability and service. This new “one-stop shop” structure strengthens a number of our rental requisites: better communication with distributors, increased options and faster response to customers, and a wider array of available products overall.”
Cummins will assume aftermarket support (parts, service and warranty) for the Cummins Power Generation and Terex rental generator product lines on July 21, 180 days post-sale.
In addition to expanding its product offering from the Fridley, Minn., facility, Cummins remains committed to providing industry-leading fuel-efficient, high performance low-emissions diesel engines to generator original equipment manufacturers (GOEMs) internationally.
Joe Feldman, G-drive sales and marketing manager noted in a press release, “Cummins Power Generation has been investing in a comprehensive G-drive product line to help OEMs and delivery partners transition to T4i-compliant products for 2011.”
Products include alternators, generator-drive engines and pre-integrated power systems, combining generator sets and power control and transfer technologies. Services range from system design, project management, financing and operation and maintenance contracts to development of turnkey power plants.