The Terex Aerial Work Platforms segment of Terex Corp. last week announced the sale of its Terex power buggy product line to Indy Equipment and the Terex Generator product line to Cummins Power Generation for undisclosed sums. The divestments come less than a month after the segment sold its Load King trailer unit to Manitex International.
The divestments are part of a Terex AWP strategy to focus on its core aerial equipment business.
“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. “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 generators 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 until the end of 2010. Parts support will be supplied by Terex AWP for 180 days from the date of sale, at which point Cummins will assume parts support ownership.
Indy Equipment is based in Independence, Ohio. Parts and warranty support for all units will transfer to Indy Equipment effective Feb. 15. The power buggy product line consists of two models, with 16-foot and 21-foot capacities.
“Indy Equipment is a respected dealer in the industry and is the right fit to sell and market the power buggy product line.”
Terex Aerial Work Platforms is based in Redmond, Wash.