Terex Aerial Work Platforms Sells Power Buggy Product Line
February 5, 2010
REDMOND,
WASH. (January 26, 2010) –The Terex Aerial Work Platforms (AWP) segment of Terex
Corporation (NYSE: TEX) announced the sale today of the Terex power buggy
product line to Indy Equipment, a premier equipment dealer based in
Independence, Ohio. The sale to Indy Equipment was for an undisclosed
amount.
The
power buggy product line consists of two models: 16ft³ (453 L) and 21ft³ (595 L)
capacities. The products feature simultaneous dump and hydrostatic drive
capability for feathering loads in forward and reverse. Power is supplied
through a heavy-duty hydraulic pump and two high-efficiency drive motors.
Offering the industry’s largest and most efficient wheel motors, Terex power
buggies allow for higher speeds and more reliable braking.
“We
made the decision to close the Terex power buggy line in September, 2009 as
part of a larger strategy to focus on our core aerial competencies,” said Brad
Allen, Global General Manager, Scissors, Portables and Light Towers, Terex AWP.
“Indy Equipment is a respected dealer in the industry and is the right fit to
sell and market the power buggy product line.”
Parts
and warranty support for all units will transition to Indy Equipment effective
February 15, 2010.
About
Terex
Terex Corporation is a diversified global manufacturer operating in
four business segments: Terex Aerial Work Platforms, Terex Construction, Terex
Cranes, and Terex Materials Processing & Mining. Terex manufactures a broad
range of equipment for use in various industries, including the construction,
infrastructure, quarrying, mining, shipping, transportation, energy, refining,
and utility industries. Terex offers a complete line of financial products and
services to assist in the acquisition of Terex equipment through Terex Financial
Services. More information on Terex can be found at www.terex.com.
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