Terex AWP Sells Terex Generator Product Line to Cummins Power Generation
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REDMOND, WASH. - The Terex Aerial Work Platforms (AWP) segment of Terex Corporation (NYSE:TEX) announced today that it has exited the generator business as part of an overall strategic plan to focus on its core aerial equipment business. As a result, Terex AWP has sold the Terex® generator product line to Cummins Power Generation for an undisclosed amount.
"At this point in time, it makes sense for Terex AWP to focus on our core products, such as Genie® aerial lifts, telehandlers and light towers," said Brad Allen, Global General Manager of Scissors, Portables and Light Towers, Terex AWP. "The Terex® line of generators offers Cummins an opportunity to vertically integrate and manufacture the same high-quality generators Terex has been private labeling for them during the past several years."
Terex® models are among the industry's most heavy-duty generators, offering a range of power capacities from 30 KVA to 360 KVA. Features include enough capacity to carry 24 hours of fuel on board, a heavy-duty trailer and consistent, accurate voltage regulation.
Warranty support for Cummins branded units will begin immediately. Warranty support for Terex branded units will continue to the end of 2010. Parts support will be supplied by Terex AWP for 180 days from date of sale, at which point Cummins will assume parts support ownership.
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.
