GAZ Group of Russia operates a joint venture with Terex (RM-Terex). In March 2017, Terex announced the sale of their Indian construction arm to Manitou.In December 2016, Terex announced the sale of the former Fermec business in Coventry, England to French manufacturer Mecalac.In June 2016, Terex announced the sale of the former Schaeff business in Germany to Yanmar Holdings.In April 2015, Terex purchased Continental Biomass Industries (CBI) of Newton, NH, a prominent manufacturer of biomass processing equipment.BOMAG retained joint-branding on the asphalt paver products, whilst the Cedarapids asphalt plants were moved underneath CMI. In 2013, Terex sold the CMI and Cedarapids units to Fayat Group, the parent company of BOMAG and Marini.In February 2010, Terex announced the sale of its mining equipment division to Bucyrus International Inc.These business units had accounted for just 5% of group annual revenues and departing these sectors has allowed Terex to focus on their core businesses of cranes, aerial platforms and material handling and processing. The period of 2010вЂ“2017, following the financial crisis of 2007вЂ“2008, was characterized by a large number of divestitures from the mining, road building and construction markets. In 2003, Terex acquired the majority ownership (71%) of Tatra, but as of late 2006 sold off that share to Blue River S.R.O.Genie Industries became known as the Genie brand within the aerial work platforms segment. In 2002, Terex acquired Genie Industries, a leading manufacturer of aerial work platforms.In 2001, Terex acquired CMI Roadbuilding and Australian rock crusher specialist Jaques Limited.Later in 1999, Terex went on to acquire Cedarapids which provided road-building equipment to match compaction acquisitions within the earlier deal such as Powerscreen subsidiary Benford Americas. Their products are used in industries such as construction, quarrying, mining, landfill, aggregates, topsoil, compost/wood chips, asphalt, rock crushing, and recycling. Powerscreen and newly named Terex Finlay produce mobile crushing, screening, washing and recycling equipment. These companies included Powerscreen International, Finlay Hydrascreens, Moffet Mountie, BL Pegson, as well as several others. In 1999, Terex acquired Powerscreen PLC, a Northern Ireland-based group of companies.The period of 1996вЂ“2003 was characterized by a large number of acquisitions under president and COO Ron DeFeo, with the group buying into multiple new markets and expanding its presence in existing markets. all became assets of Terex Corporation.Дue to a strategy of acquisitions, Terex Corporation has owned more than 50 different brands. The construction assets acquired by Lenz throughout the 1980s including Northwest Engineering Company, Unit Rig (brands Dart Truck Company), Terex Equipment Limited and Koehring Cranes and Excavators, Inc. In 1988, Lenz merged his primary construction equipment asset, Northwest Engineering Company, into Terex Corporation, making Terex Corporation the parent corporation. Lenz purchased Terex USA from GM in 1986, then exercised an option to purchase Terex Equipment Limited in 1987. After IBH Holding AG declared bankruptcy in 1983, ownership of Terex reverted to General Motors and was organized as Terex Equipment Limited (Scotland), Terex do Brasil Limitada (Belo Horizonte, Brazil), and Terex USA (Hudson, Ohio).ДЄmerican entrepreneur Randolph W. General Motors sold the Terex division to German firm IBH Holding AG in 1980. GM coined the 'Terex' name in 1968 from the Latin words 'terra' (earth) and 'rex' (king) for its construction equipment products and trucks not covered by the ruling. Due to a 1968 Justice Department ruling, General Motors was required to stop manufacturing and selling off-highway trucks in the United States for four years and divest the Euclid brand name. The Terex name has its origins as a division of General Motors.

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