Terex has reached an agreement to acquire Platform Service & Repair Ltd., an authorized service provider of Genie aerial work platforms in the United Kingdom. The acquisition is expected to help Terex AWP service customers throughout Europe. The transaction, subject to customary closing conditions, is expected to be completed this month.
Genie customers and owners of other powered access machines will continue to benefit from maintenance, repairs and refurbishment support from PSR, backed by a network of service engineers operating throughout the U.K.
“In a year that marks 50 years of the Genie brand building the future, we are proud to provide our U.K. customers with an ideal combination of resources in a one-stop-shop,” said Matt Skipworth, EMEAR Service Solutions manager, Terex Aerial Work Platforms. “By responding to the needs of our customers, we have further enhanced our ability to provide them with the solutions they require. Backed by a successful 15-year history of delivering service support to customers throughout the U.K., PSR brings together the expert technical skills required to maintain virtually any brand of powered access equipment.
“In addition, PSR provides the broad geographical coverage end users and rental companies need to support their machine uptime in the field. Our new U.K. customer support organization will offer the notable advantages of enhancing the efficiency of fleet maintenance and simplifying procedures to help save time and reduce costs.”
Terex said it will continue to honor all existing PSR contracts for maintenance, inspection, breakdown repair and engineer cover. All current PSR employees will transfer to the Terex Genie UK team, including the mobile service engineers, workshop-based repair and refurbishment technicians, customer service personnel, and management team.
“The Genie UK team are retaining the PSR team’s expertise in customer care,” said Steve Couling, managing director of IAPS Group, which owns PSR. “This means that existing PSR customers should have complete confidence that they are in safe hands.”
