Terex Corporation
Terex Corporation is a global industrial equipment manufacturer that designs and produces aerial work platforms, materials processing equipment, and specialty utility vehicles, serving utilities, construction, environmental services, and aggregates customers through 15+ acquired brands.
- Company typePublic
- Founded1945
- HeadquartersNorwalk, United States
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Terex Corporation does
Terex Corporation is a publicly traded global industrial equipment manufacturer (NYSE: TEX) organized around two principal segments: Aerial Work Platforms and Materials Processing. The company designs, manufactures, and services bucket trucks, digger derricks, aerial devices, electric and hybrid utility trucks, and a broad array of materials processing equipment including crushers, screens, wash systems, and mobile processing platforms. It serves end markets spanning utilities, construction, environmental services, aggregates production, and infrastructure, with operations across North America, Europe, Asia, and South America.
The product portfolio is built on more than 15 acquired brands, including Genie, Powerscreen, Finlay, EvoQuip, CBI, Ecotec, Fuchs, Advance, Bid-Well, Simplicity, Cedarapids, Canica, Jaques, Franna, Heil, Marathon, Curotto-Can, and Terex MPS, accumulated over 80+ years. Terex extends its equipment with Terex Telematics, a fleet management connectivity platform, and supports its installed base through 20+ service centers staffed by 200+ technicians, with 95% of parts shipped within 24 hours.
Terex operates a hybrid capital equipment plus aftermarket business model, monetizing both unit sales and recurring parts, service, and telematics revenue. Pricing reflects application-specific configuration of utility vehicles and materials processing lines rather than standardized SaaS pricing. On February 2, 2026, Terex completed a merger with REV Group, expanding its specialty vehicle platform. The company delivered Full-Year 2025 Net Sales of $5.4B, Non-GAAP EPS of $4.93, and Free Cash Flow of $325M, and has returned $2.1B to shareholders since 2015.
Terex Corporation firmographics
Firmographics- Name
- Terex Corporation
- Legal name
- Terex Corporation
- Website
- https://terex.co.uk
- Company type
- Public
- Founded year
- 1945
- Operating status
- Operating
- Short description
- Terex Corporation is a global industrial equipment manufacturer that designs and produces aerial work platforms, materials processing equipment, and specialty utility vehicles, serving utilities, construction, environmental services, and aggregates customers through 15+ acquired brands.
- Ownership category
- akta.pro rank
Terex Corporation industry classification
Industry- Product category
- Industrial Equipment Manufacturing
- NAICS
- Motor Vehicle Body and Trailer Manufacturing (33621)
- SIC
- Truck & Bus Bodies (3713)
- akta.pro primary industry
- Aerial Work Platform & Access Equipment Vehicle Manufacturing (Boom/Scissor Lifts) (IMACAFAG)
- akta.pro secondary industries
- Truck Body & Upfitting Manufacturing (Box Bodies/Service Bodies/Cranes/Liftgates) (IMACABAI), Specialty Vehicle Body Manufacturing (Emergency/Military/Mobile Clinics) (IMACAGAD)
Keywords
Where Terex Corporation is headquartered
LocationHeadquarters
- HQ city
- Norwalk
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Terex Corporation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Equipment Sales: Sale of aerial work platforms, materials processing equipment, utility equipment (bucket trucks, digger derricks), and specialty vehicles.
- Genuine Parts & Accessories: Sale of genuine Terex parts, accessories, auger tooling, and attachments designed and tested by engineering team.
- Service & Maintenance: Service delivery through 20+ service centers and 200+ field technicians for maintenance, repairs, inspections, and Express Services.
- Equipment Financing: Terex Financial Services offers lease and financing options for equipment purchases.
- Telematics Services: Telematics data collection and monitoring services for equipment with telematics systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Custom equipment quotes |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Terex Corporation product offering
Product offeringCore offering
Terex Corporation designs, manufactures, and services specialty equipment across two main segments: Aerial Work Platforms (Genie lifts, Terex Utilities bucket trucks, digger derricks, and specialty vehicles) and Materials Processing (Powerscreen, Finlay, EvoQuip, CBI, Ecotec, Fuchs, Terex MPS for aggregates, recycling, and concrete). The company sells capital equipment, genuine parts, telematics subscriptions, and maintenance services to electric utilities, contractors, and environmental/waste management customers worldwide.
Product overview
Terex Corporation is a globally diversified manufacturer of specialty equipment with two primary business segments: Aerial Work Platforms and Materials Processing. The Aerial Work Platforms segment (which includes Terex Utilities and Genie) produces bucket trucks, digger derricks, aerial lifts, and related utility equipment. The Materials Processing segment encompasses multiple acquired brands including Powerscreen, Finlay, EvoQuip, CBI, Ecotec, Fuchs, and others serving aggregates, environmental, concrete, and material handling industries. The company also operates Terex Services for equipment maintenance and support, Terex Parts for genuine replacement components, and Terex Telematics for fleet management. Terex serves diverse industries including electric utilities, construction, mining, waste management, and infrastructure maintenance.
Differentiator
Problem solved
Functional benefit
Products and services
- Digger Derricks Hydraulic equipment for digging holes, lifting and setting utility poles, and material handling operations, used by electric utilities and utility contractors.
- Bucket Trucks (Aerial Devices) Insulated aerial work platforms for utility line work, available in overcenter, non-overcenter, and telescopic configurations; serve electric utility line workers.
- Electric & Hybrid Utility Trucks Zero-emissions and hybrid-powered utility equipment including all-electric bucket trucks and hybrid ePTO systems for fleet electrification.
- TRX Series Telescopic Aerial Devices Telescopic aerial devices designed for trouble truck and distribution work in utility operations.
- Genie Aerial Work Platforms Aerial lift equipment brand offering quality equipment, service and support for safe, productive work at height for construction and industrial customers.
- Powerscreen Crushing & Screening Equipment Materials processing equipment serving the aggregates industry with screening and crushing equipment for quarrying and construction.
- Finlay Crushing, Screening & Washing Materials processing brand for aggregates, crushing, screening, and washing equipment.
- EvoQuip Compact Equipment Compact crushing and screening equipment for contractors and quarrying applications.
- CBI Material Processing Equipment Environmental solutions brand for waste processing and recycling equipment.
- Ecotec Recycling Equipment Environmental solutions brand offering sustainable waste management and recycling equipment.
- Fuchs Material Handling Equipment Material handling equipment for waste handling and recycling operations.
- Advance Concrete Equipment Concrete equipment brand for construction and infrastructure applications.
- Bid-Well Paving Machines Concrete equipment brand specializing in paving machines and related products.
- Franna Pick-and-Carry Cranes Material handling brand specializing in pick-and-carry cranes for construction and industrial applications.
- Heil Refuse Collection Equipment Environmental Solutions brand for refuse collection and waste handling equipment.
- Terex MPS Modular Processing Systems Materials processing brand serving aggregates, recycling, mining and quarrying industries.
- Terex Services Service division offering 20+ service centers and 200+ nationwide factory-trained technicians for equipment maintenance, repair, and support.
- Terex Parts (Genuine Parts & Accessories) Genuine replacement parts and accessories for Terex equipment, with 95% of parts shipped within 24 hours.
- Terex Telematics Fleet management and equipment tracking system that collects operational data including condition, usage, performance, and location information for owned Terex equipment.
- Terex Financial Services Lease and financing options for equipment purchases through Terex Financial Services.
Quantifiable outcome
- 95% of parts shipped within 24 hours
- +2 more outcomes
Companies that use Terex Corporation
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Terex Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Terex Corporation partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, flagship and minor.
- HuddigcoreTerex Services and Huddig entered into a distribution agreement for sales and service of HUDDIG machines in the United States, announced February 26, 2026.
- REV GroupflagshipTerex Corporation completed merger with REV Group on February 2, 2026, creating a premier specialty equipment manufacturer with diversified portfolio and strong growth prospects.
- Mack TruckscoreTerex Utilities partnered with Mack Trucks to deliver an electric bucket truck with enhanced range and payload capacity, announced February 26, 2025.
- SourcewellcoreTerex Utilities is partnered with Sourcewell, a cooperative purchasing organization, providing equipment procurement options for government and municipal customers through contract 110421.
- S.D.P Manufacturing Inc.minorPartnership with S.D.P Manufacturing Inc. to offer Terex TL45 articulated telescopic aerial device on rubber tracked mini carriers.
- ViateccoreTerex Utilities uses Viatec's WorkForce Power Take-Off (ePTO) technology in their all-electric and hybrid bucket truck solutions for fleet electrification.
- Lake Area Technical CollegeminorPartnership for annual Service School training programs held at Lake Area Technical College facilities.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Terex Corporation competitors and assessment
Company assessmentBroad incumbents
- Caterpillar Inc. Caterpillar is the largest construction and mining equipment manufacturer globally, with broader equipment lines but overlapping presence in aggregates processing, material handling, and infrastructure end markets served by Terex.
- Komatsu Ltd. Komatsu is a global construction and mining equipment manufacturer with products in crushing, screening, and material handling that compete with Terex's Materials Processing segment brands in aggregates and mining applications.
- Deere & Company: Deere is a diversified equipment manufacturer serving construction, forestry, and aggregates markets with products that compete indirectly with several Terex brands in equipment for utility vegetation management and construction applications.
- Volvo Construction Equipment: Volvo CE is a major construction and aggregates equipment manufacturer with crushing, screening, and material handling products that compete with Terex's Powerscreen, Finlay, and EvoQuip brands in the aggregates processing market.
- Liebherr:
Direct peers
- Astec Industries: Astec Industries manufactures equipment for asphalt, aggregate, and infrastructure markets with brands like KPI-JCI and Astec, directly competing with Terex's Powerscreen, Finlay, and Cedarapids crushing and screening brands.
- Altec Inc. Altec is a leading manufacturer of bucket trucks, aerial devices, and digger derricks for the electric utility industry, directly competing with Terex Utilities' core product line of bucket trucks and digger derricks.
- Oshkosh Corporation: Oshkosh manufactures specialty vehicles and access equipment including JLG aerial work platforms — a direct competitor to Terex's Genie brand — and serves utility, construction, and refuse markets with overlapping product portfolios.
- Manitowoc Company: Manitowoc manufactures cranes and lifting equipment through brands like Potain and Grove, competing with Terex's Franna pick-and-carry cranes and broader lifting portfolio in construction and industrial applications.
Others
- HEICO Corporation (Heico): While HEICO primarily focuses on aerospace and electronics, its Heil (refuse) and Curotto-Can brands historically competed in environmental solutions before being part of Terex — useful as a reference point for specialty equipment M&A patterns rather than direct competitive overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Terex Corporation social profiles
Digital presenceTerex Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terex Corporation leadership team
Management profileNumber of profiles
Profiles1 record
Terex Corporation subsidiaries and ownership
Company hierarchySubsidiaries15 records
Terex Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terex Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terex Corporation
What does Terex Corporation do?
Terex Corporation designs, manufactures, and services specialty equipment across two main segments: Aerial Work Platforms (Genie lifts, Terex Utilities bucket trucks, digger derricks, and specialty vehicles) and Materials Processing (Powerscreen, Finlay, EvoQuip, CBI, Ecotec, Fuchs, Terex MPS for aggregates, recycling, and concrete). The company sells capital equipment, genuine parts, telematics subscriptions, and maintenance services to electric utilities, contractors, and environmental/waste management customers worldwide.
Is Terex Corporation a public or private company?
Terex Corporation is a public company. It is classified as public and is currently operating.
When was Terex Corporation founded?
Terex Corporation was founded in 1945.
Where is Terex Corporation based?
Terex Corporation is headquartered in Norwalk, United States, in the North America region.
How does Terex Corporation make money?
Five revenue lines are on record. Equipment Sales are the primary driver. The others are genuine Parts & Accessories, service & Maintenance, equipment Financing and telematics Services.
Who are Terex Corporation's main competitors?
Broad incumbents on record are Caterpillar Inc., Komatsu Ltd., Deere & Company, Volvo Construction Equipment and Liebherr. Direct peers are Astec Industries, Altec Inc., Oshkosh Corporation and Manitowoc Company. HEICO Corporation (Heico) is listed as an others.
Does Terex Corporation have an API?
No public API is recorded for Terex Corporation.
What industry is Terex Corporation in?
Terex Corporation's product category is Industrial Equipment Manufacturing. Its primary akta.pro industry code is IMACAFAG, Aerial Work Platform & Access Equipment Vehicle Manufacturing (Boom/Scissor Lifts), with a secondary code of IMACABAI, Truck Body & Upfitting Manufacturing (Box Bodies/Service Bodies/Cranes/Liftgates). Its NAICS code is 33621 and its SIC code is 3713.