Terex Acquires Assets of DUECO
Terex Corp. has acquired substantially all of the assets of DUECO Inc. The acquisition brings DUECO’s sales and service operations, which have responsibility for Terex utilities products in 17 states, into the Utilities and Services business units of Terex Corp.
Terex introduced the hydraulic digger derrick to the electric utility market in 1945, while DUECO Inc. was founded in 1955, so the transaction combines 130 years of expertise in delivering utility equipment and services to form an organization that is aligned with common goals. Both companies have made impressive gains in the marketplace in recent years by focusing on their customers and delivering a complete suite of solutions to utility and services markets. Customers will further benefit from the unified team working with a streamlined sales and service pipeline with a more focused approach and expanded solutions. www.terex.com