Terex Acquires Under-Bridge Access Equipment Maker Hydra Platforms

April 25, 2008
Westport, Conn.-based Terex Corp. last week announced that it acquired Hydra Platforms Manufacturing. Based in Rock Hill, S.C., Hydra Platforms manufactures truck- and trailer-mounted self-erecting under-bridge access equipment used for bridge construction, maintenance and inspection. Terms were not disclosed.

Westport, Conn.-based Terex Corp. last week announced that it acquired Hydra Platforms Manufacturing. Based in Rock Hill, S.C., Hydra Platforms manufactures truck- and trailer-mounted self-erecting under-bridge access equipment used for bridge construction, maintenance and inspection. Terms were not disclosed.

Hydra Platforms will become part of the Terex Roadbuilding segment and will work with the company’s Bid-Well subsidiary. Bid-Well is a leading manufacturer, seller and service provider of bridge-paving equipment in the United States.

“Hydra is a leader in a growing market for under-bridge access,” said George Ellis, vice president and general manager, Terex Roadbuilding. “More than 93 percent of bridges in the United States were built before 1980 and 25 percent have been designated as structurally deficient or functionally obsolete. As a result, more funds are being committed for bridge inspection and repair. Hydra Platforms’ products provide a cost-effective tool for bridge contractors, engineers and state Departments of Transportation to address this vital public safety aspect of our nation’s aging infrastructure.

“Hydra Platforms is an excellent strategic fit for Terex since our Bid-Well organization serves the same customer base and, through Bid-Well, we hope to expand Hydra’s national and international reach.”

Terex Corp. is a diversified global manufacturer with 2007 net sales of more than $9.1 billion. Terex operates in five business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining and utility industries.