Terex Corp - Company Profile
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Terex Corp (Terex) is a manufacturer of specialized equipment and industrial product solutions. Its activities include designing, manufacturing, servicing, and financing equipment for construction, utilities, waste management, recycling, and other industrial applications. Its products include aerial work platforms, telehandlers, material lifts, utility aerial devices, digger derricks, materials processing machinery, refuse collection vehicles, compaction and recycling equipment, and specialty vehicles. Associated brands include Genie, Terex Utilities, Terex Materials Processing, Heil, Marathon, Environmental Solutions Group, and Green-Tec. Customers use the company’s equipment in construction, electric utility operations, emergency services, waste collection, recycling, forestry, vegetation management, and infrastructure projects. Terex supports customers through dealers, parts and service networks, engineering operations, digital solutions, and Terex Financial Services. The company operates manufacturing and engineering facilities in the United States, Europe, India, and the Asia-Pacific region and serves markets worldwide. Terex is headquartered in Norwalk, Connecticut, the US.
Headquarters
United States of America
Address
4th Floor, 301 Merritt 7, Norwalk, Connecticut, 6850
Website
www.terex.com
Telephone
1 203 2227170
No of Employees
10,700
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
TEX (NYSE)
Revenue (2024)
$5.4B
5.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-34%
(2024 vs 2023)
Market Cap*
$6.5B
Net Profit Margin (2024)
XYZ
-37.5%
(2024 vs 2023)
* As of and is in US$
Terex Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Aerial Work Platforms: | Equipment Services | Terex |
| Portable Material Lifts | Financing Services | Genie |
| Portable Aerial Work Platforms | Fuchs | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In October, the company announced its plans to acquire Keestrack. |
| 2026 | Divestiture | In October, the company sold Trucks and LayMor Business to Right Lane Industries. |
| 2026 | Others | In April, the company announced to sign a letter of intent with Shenhua Group Corporation Limited to build and deliver TEREX|Unit Rig rigid off-highway haul trucks. |
Competitor Comparison
| Key Parameters | Terex Corp | Caterpillar Inc | Sany Group Co Ltd | Liebherr-International AG | Sandvik AB |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | China | Switzerland | Sweden |
| City | Norwalk | Irving | Changsha | Bulle | Stockholm |
| State/Province | Connecticut | Texas | Hunan | Freiburg | Stockholm |
| No. of Employees | 10,700 | 118,000 | - | 55,963 | 42,373 |
| Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Simon A. Meester | Chief Executive Officer; Director; President | Executive Board | 2024 | 56 |
| Jennifer Kong-Picarello | Chief Financial Officer; Senior Vice President | Senior Management | 2025 | 47 |
| Namita Jindal | Chief AI and Data Officer; Senior Vice President | Senior Management | 2026 | - |
| David A. Sachs | Chairman | Non Executive Board | 2024 | 66 |
| Kieran Hegarty | President - Materials Processing | Senior Management | 2010 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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