Terex Corporation is a heavy equipment manufacturer.
Terex began as a division of General Motors (GM) that manufactured construction equipment and trucks. The name comes from the Latin words “terra,” which means earth, and “rex,” which means king.
GM sold its Terex division to IBH Holding AG in 1980. After IBH’s bankruptcy ownership of Terex diverted again to GM.
Randolph Lenz purchased Terex in 1986 and created Terex Corporation as a holding company for his other construction assets.
Terex now owns more than 50 brands, including CMI Roadbuilding, Jacques Limited, Tatra, and Genie Industries.
The company manufactures cranes, aerial platforms, construction and materials processing equipment, aerial lifts, among others in 100 countries.
Terex is publicly traded on the New York Stock Exchange under the ticker symbol TEX, is a member of the S&P 500, is #358 in the Fortune 500, has 20,500 employees, and had $7.28 billion in revenue in 2013.
Terex Corporation
Terex Corporation is a heavy equipment manufacturer.
Terex began as a division of General Motors (GM) that manufactured construction equipment and trucks. The name comes from the Latin words “terra,” which means earth, and “rex,” which means king.
GM sold its Terex division to IBH Holding AG in 1980. After IBH’s bankruptcy ownership of Terex diverted again to GM.
History
Randolph Lenz purchased Terex in 1986 and created Terex Corporation as a holding company for his other construction assets.
Terex now owns more than 50 brands, including CMI Roadbuilding, Jacques Limited, Tatra, and Genie Industries.
The company manufactures cranes, aerial platforms, construction and materials processing equipment, aerial lifts, among others in 100 countries.
Terex is publicly traded on the New York Stock Exchange under the ticker symbol TEX, is a member of the S&P 500, is #358 in the Fortune 500, has 20,500 employees, and had $7.28 billion in revenue in 2013.