Tag: Terex: Page 6

Business

Terex completes sale of MHPS business to Konecranes

Terex has announced that it has completed the sale of its Material Handling and Port Solutions Business to Finnish manufacturer Konecranes. Announced in May 2016, the sale finished at a price of $595 million plus €200 million in cash, and 19.6 million newly issued class B shares representing a 25-percent interest in Konecranes, Terex reports. Terex says […]

January 5, 2017

Dealers

Business Roundup: News on Terex, Mecalac, construction employment, Bandit Industries, Bobcat

With sale of backhoe line, Terex exits the earthmoving equipment business Terex is now completely out of the earthmoving business. According to a report from The Construction Index, the company has agreed to sell its UK-based operation where it manufactures backhoes, site dumpers and compact compaction rollers, to Mecalac, a French manufacturer of compact loaders and […]

December 26, 2016

Business

With sale of backhoe line, Terex exits the earthmoving equipment business

Terex is now completely out of the earthmoving business. According to a report from The Construction Index, the company has agreed to sell its UK-based operation where it manufactures backhoes, site dumpers and compact compaction rollers, to Mecalac, a French manufacturer of compact loaders and excavators. The deal, details of which have not yet been announced […]

December 19, 2016

Dealers

Terex Cranes names Natarajan and Schröder product management directors

Terex Cranes has appointed Suresh Natarajan as director of product management for Terex Rough Terrain Cranes and Frank Schröder in the same role for Demag All Terrain Cranes. The director of product management position is new for the company, one in which the appointees will oversee global product management teams as they develop equipment based […]

October 11, 2016

Dealers

Southeastern Equipment names Watton, Gourley VPs of operations

Southeastern Equipment, which carries multiple construction equipment brands, has named Heath Watton and Mickey Gourley as vice presidents responsible for daily operations for all of the company’s locations across Ohio, Michigan, Kentucky and Indiana. Watton joined Southeastern in 2003 as a salesman and most recently served as regional manager for Southeast Ohio. According to a […]

October 10, 2016

Construction Equipment

Genie’s Z-60/37 FE diesel-electric boom lift offers hybrid efficiency with robust 4WD performance

Genie’s newest boom lift is parts Prius and parts Tesla. Similar to a Prius, the new Genie Z-60/37 FE has a small engine coupled to a generator and battery pack and can run off either or both. But where the Prius offers only fuel economy, this new Genie lift offers fuel efficiency and high performance—hence the […]

September 30, 2016

Dealers

Sales down, profit up at Terex following 2Q sales of construction, MHPS segments

Along with a report of a 10-percent decrease in net sales for the second quarter, Terex released its 2016 outlook, updated based on its new, more streamlined corporate structure following the sale of two of the company’s equipment segments. Terex announced net sales of $1.3 billion for Q2 and a 44-percent increase in profit to $110 million. […]

August 4, 2016

Dealers

Terex offering free Genie Tech Pro registration to boost number of AWP technicians

In anticipation to greater demand for certified aerial work platform inspectors, Terex is now offering free enrollment in its Genie Tech Pro online service training program to community college students and 500 aspiring aerial lift technicians in North America. The offer comes in response to upcoming changes to the American National Standards Institute (ANSI) and Canadian […]

July 27, 2016

Dealers

How Tier 4 Final impacted the skid steer segment and how manufacturers are responding

Why did Tier 4 Final have so much impact on skid steers? Three reasons. First, emissions standards for machines less than 75 horsepower are different than the standards for those with 75 horsepower and above. Skid steer models fall on both sides of this rating. Second, skid steer customers are price sensitive, and Tier 4 […]

July 1, 2016

Business

No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes

Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]

May 31, 2016

Construction Equipment

More Than Small: The renaissance of the compact excavator

Compact excavators also have experienced bracket creep; the category was once capped at machines weighing 6 tons, then went up to 8 tons, and currently includes units weighing 10 tons and lower. The range is now broad enough that some in the industry are defining subsets as micro, mini, midi, and compact with no adjective […]

May 30, 2016

Business

Terex walks away from Konecranes merger to continue talks with Zoomlion

Three months after receiving an acquisition offer from Chinese equipment manufacturer Zoomlion, Terex has announced that it has mutually agreed with Konecranes to terminate plans to merge the two companies. Announced in August 2015, the merger would have placed 60 percent of the new company (to be called Konecranes Terex) in the hands of Terex shareholders, with […]

May 18, 2016