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The American Crane Corporation was founded in 1882 as the Franklin Manufacturing Company, and in 1892 the name changed to American Hoist & Derrick. The company manufacturers terrain cranes, crawler cranes and tower cranes. In 1998 American Crane Corporation was acquired by Terex for $27 million. [1]
The origins of Terex date to 1933, when the Euclid Company was founded by George A. Armington to build hauling dump trucks. In 1953, General Motors purchased Euclid, expanding the business to include more than half of all U.S. off-highway dump truck sales.
The distributor company, Cranes UK, changed its name to Tadano UK. [7] In August 2019 Tadano Ltd. completed its $215 million acquisition of the Demag Mobile Cranes business from Terex. This acquisition expanded the Tadano product line offering for All-Terrain Cranes as well as added a line of Lattice Boom Crawler cranes.
The Euclid Company of Ohio made specifically-designed off-road heavy haulers, compared with other companies that modified on-road trucks for off-road earth-hauling.. The Euclid Crane and Hoist Co., formed in 1909 and owned by George A. Armington and his five sons, had become a large, respected and profitable operation by the early 1920s.
In 2002, Genie Industries was acquired by Terex Corporation, a global manufacturer of construction and industrial equipment. [6] In the years following the sale, the Genie organization was transitioned over to the Terex Aerial Work Platforms (AWP) segment of Terex. All of the company's products are still sold and marketed under the Genie brand. [4]
The company was a manufacturer of industrial cranes that included types like, bridge cranes, hoist (device), overhead cranes, Gantry crane to name a few. In 1910 came the hour of the Deutsche Maschinenfabrik in Duisburg – known worldwide by its telegram abbreviation Demag (now Demag Cranes & Components GmbH ).
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