TEREX Construction Equipment Upcoming Auctions

About Terex Corporation

Terex is a global manufacturer of construction, transportation, mining, energy, utility, shipping, infrastructure, and other equipment. Based in Westport, Connecticut, Terex operates through three primary business segments: aerial work platforms, cranes, and materials processing units.

Terex’s history includes ties to General Motors, which in 1953 purchased the Euclid Company, an outfit started in 1933 as a designer and builder of haul trucks. Following years of strong U.S. sales of off-highway trucks by GM’s Euclid division, in 1968 the U.S. Justice Department ordered that GM end U.S. sales and manufacturing of off-highway trucks for four years, as well as divest the Euclid brand, as part of an antitrust lawsuit. GM then created the “Terex” name to cover that construction equipment–crawlers, front-end loaders, and scrapers–the ruling didn’t address.

In the 1980s, GM sold and then reacquired Terex from IBH Holdings before creating the Terex USA and Terex Equipment Limited business units. GM sold both units to Northwest Engineering, which created the Terex Corporation and proceeded to acquire such companies as Koehring, Fruehauf Trailer, Genie, Demag Mobile Cranes, PowerScreen, Atlas, Cedarapids, ASV, and others.

Today, Terex makes aerial work platforms, concrete roller pavers, concrete mixer trucks, cranes, light towers, material handlers, materials processing equipment, and telehandlers.