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General Motors sold the Terex division to German firm IBH Holding AG led by Horst-Dieter Esch de in 1980. [9] After IBH Holding AG declared bankruptcy in 1983, [10] ownership of Terex returned to General Motors and was organized as Terex Equipment Limited (Scotland), Terex do Brasil Limitada (Belo Horizonte, Brazil), and Terex USA (Hudson, Ohio).
Genie is an American company that manufactures work lifts and platforms used in construction, maintenance, warehouse stocking, and equipment installation. Founded in 1966 by Bud Bushnell, the company operated independently until acquired by Terex in 2002. [1]
In December 2013, VCE agreed to pay US$160m for the heavy haul truck line of U.S. manufacturer Terex, [5] Including Terex Equipment Ltd (TEL) of Scotland. [6] In December 2020, Volvo began delivering all-electric ECR25 Electric compact excavators to customers. [7] In September 2021 VCE dropped the Terex name and rebranded the business Rokbak. [8]
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The company manufacturers terrain cranes, crawler cranes and tower cranes. In 1998 American Crane Corporation was acquired by Terex for $27 million. [1] The purchase of American Crane Corporation brought Terex a manufacturer of lattice boom cranes. [2]
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