Investment Summary

Terex and Duke Energy Invest In Viatec

On February 1, 2022, Terex and Duke Energy invested in machinery company Viatec

Investment Highlights
  • This is Terex’s 15th and Duke Energy’s 1st transaction in the Machinery sector.
  • This is Terex’s 12th and Duke Energy’s 11th transaction in the United States.
  • This is Terex’s 2nd and Duke Energy’s 1st transaction in South Carolina.

Investment Summary
Date 2022-02-01
Target Viatec
Sector Machinery
Investor(s) Terex
Duke Energy
Deal Type Venture

Target

Viatec

Greenville, South Carolina, United States
Viatec is a manufacturer of plug-and-play electronic power take-off systems that support the electrification of utility fleets. Viatec has developed, patented, and commercialized technology that is becoming recognized as the next industry standard in the vocational vehicle sector for auxiliary power. Viatec was founded in 2015 and is based in Greenville, South Carolina.

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Investor(S) 2

Investor

Terex

Norwalk, Connecticut, United States
Category Company
Founded 1933
Sector Machinery
Employees10,200
Revenue 5.2B USD (2023)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

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.

DEAL STATS #
Overall 18 of 22
Sector (Machinery) 15 of 17
Type (Venture) 1 of 1
State (South Carolina) 2 of 2
Country (United States) 12 of 14
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Terex - Mobile Cranes Business

Westport, Connecticut, United States

Terex Corp. - Mobile Cranes Business manufactures and sells all terrain cranes and large crawler cranes. Included in the transaction are the manufacturing facilities in Zweibrucken, Germany and multiple sales and service locations.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Steelweld Fabrications

Cookstown, Ireland

Steelweld Fabrications offers complete engineering solutions including laser & plasma cutting, folding, fabrication, and finishing. Steelweld Fabrications was founded in 1983 and is based in Cookstown, Ireland.

Buy -
Investor

Duke Energy

Charlotte, North Carolina, United States
Category Company
Founded 1904
Sector Energy Services and Equipment
Employees27,859
Revenue 29.1B USD (2023)
DESCRIPTION

Duke Energy is an electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 12 of 12
Sector (Machinery) 1 of 1
Type (Venture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 11 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Recurrent Energy - 200-MWac Texas Solar Project

San Francisco, California, United States

Recurrent Energy LLC - 200-MWac Texas Solar Project utilizes more than 733,000 of Canadian Solar's high-efficiency bifacial BiKu modules across approximately 1,700 acres west of San Angelo, Texas.

Buy -
Mergr

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