Terex - M&A Summary and Business Overview

MachineryCompany

Terex M&A Summary

Terex has acquired 22 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 8 assets.

Terex’s largest acquisition to date was in 2024, when it acquired Environmental Solutions Group for $2.0B. It’s largest disclosed sale occurred in 2016, when it sold Terex Corp - Material Handling & Port Solutions Business to Konecranes Oyj for $1.3B. Terex has acquired in 11 different US states, and 7 countries. The Company’s most targeted sectors include machinery (78%) and manufacturing (10%).

Terex Business Overview

Where is Terex headquartered?

Terex is headquartered in Norwalk, Connecticut.

What is Terex’s revenue?

Terex disclosed revenue of 5,152M USD for 2023 and 4,418M USD for 2022.

How many employees does Terex have?

Terex has 10,200 employees.

What sector is Terex in?

Terex is a machinery company.

When was Terex founded?

Terex was founded in 1933.

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity22
    • M&A Sell Activity8
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 11
  • M&A Advisors 6

Terex

Terex Corp.

45 Glover Avenue 4th Floor,
Norwalk, Connecticut 06850
United States,
(203) 222-7170
www.terex.com

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was founded in 1933 and is based in Norwalk, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 17 - - 3 1 1 22
vol $2.3B $2.0B $4.3B
Sell (0.0/yr) # 8 - - - - - 8
vol $2.2B $2.2B
  30

Most Recent M&A

Company Date Value Type
Environmental Solutions Group 2024-07-22 2.0B USD Divestiture
Chattanooga, Tennessee · www.doveresg.com
Apptronik, Inc. 2023-02-07 - Growth Capital
Austin, Texas · www.apptronik.com
ProAll International Manufacturing, Inc. 2022-08-01 - Add-on Acquisition
Olds, Alberta · www.proallinc.com
Steelweld Fabrications Ltd. 2022-04-25 - Add-on Acquisition
Cookstown, Ireland · www.steelweld.co.uk
Viatec, Inc. 2022-02-01 - Venture
Greenville, South Carolina · www.viatec.us
Terex Corp. - Mobile Cranes Business 2019-02-22 215M USD Divestiture
Westport, Connecticut
ASV Holdings, Inc. 2017-05-12 - IPO
Grand Rapids, Minnesota · www.asvi.com
Terex Corp. - Material Handling and Port Solutions Business 2017-01-04 595M USD Divestiture
Westport, Connecticut
Platform Service & Repair Ltd. 2016-10-03 - Divestiture
Shropshire, United Kingdom · www.platformservicerepair.co.uk
Terex Corp - Material Handling & Port Solutions Business 2016-05-16 1.3B EUR Divestiture
Westport, Connecticut
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 17 (77%) 4.3B (100%) 6 (75%) 2.1B (93%)
Manufacturing 2 (9%) - - -
Automotive - - 2 (25%) 160M (7%)
Electrical Equipment 1 (5%) - - -
Energy Services and Equipment 1 (5%) - - -
Metals/Mining 1 (5%) - - -
Total 22 $4.3B 8 $2.2B

By Geo

State/Country Buy Value Sell Value
United States 14 2.7B 7 2.1B
  Connecticut - - 3 2.1B
  Texas 2 - - -
  Tennessee 2 2.0B - -
  South Carolina 2 - - -
  Oklahoma 1 - 1 -
  Minnesota 1 488M 1 -
  Wisconsin 1 - - -
  West Virginia 1 140M - -
  Washington 1 75M - -
  New Hampshire 1 - - -
  Michigan 1 - - -
  Indiana 1 - - -
Germany 3 1.4B - -
United Kingdom 1 - 1 160M
Canada 1 - - -
  Alberta 1 - - -
Ireland 1 - - -
Italy 1 242M - -
Thailand 1 - - -
Domestic 14 (64%) 2.7B (62%) 7 (88%) 2.1B (93%)
Cross-border 8 (36%) 1.6B (38%) 1 (13%) 160M (7%)
Total 22 $4.3B 8 $2.2B

Top M&A Advisors

Financial Deals
Moelis & Co.
1
Lincoln International
1
UBS Investment Bank
1
Legal Deals
Bryan Cave Leighton Paisner LLP
1
Pryor Cashman
1
Fried Frank Harris Shriver & Jacobson
1

Deal Values

buy # Total
> $1B 2 $3.4B
$100M to $1B 3 $870M
< $100M 1 $75M
TOTAL $4.3B
Largest Environmental Solutions Group
$2.0B (2024-07-22)
sell # Total
> $1B 1 $1.3B
$100M to $1B 3 $970M
TOTAL $2.2B
Largest Terex Corp - Material Handling & Port Solutions Business
$1.3B (2016-05-16)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
18%
4 (18%)
Divested to
Strategic(s)
88%
7 (88%)

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