Terex Utilities will join the Terex AWP business segment, which includes the Genie brand. The company’s Oklahoma City facility also joins Terex AWP and will focus on telehandlers, lift re-manufacturing, and various products.
The AWP segment increased net sales by 19 percent to $536 million in Q4 2018, and $2.6 billion for the full year 2018, up 24 percent since 2017.
“Global markets for aerial work platforms are stable at healthy levels and our dedicated, passionate Terex AWP team will continue to meet the growing demand of our customers around the world,” Matt Fearon, Genie president, said in a press release. “The Genie brand is synonymous with technological leadership and innovation.”
Source: Terex
