In 2022, Terex MP purchased Steelweld Fabrications, a manufacturer of heavy fabrications, as part of a long-term fabrications strategy to meet global demand for its crushing and screening products. Late last year, Canadian company ProAll, a specialist producer of mobile volumetric concrete mixers, also joined the Terex MP portfolio, in a move to expand its overall presence in the concrete mixer space.
The latest acquisition was the assets of ZenRobotics Ltd., a company that manufactures robots that pick, sort, and recycle waste material. This is part of a larger strategy in Terex MP to strengthen its offering in the environmental industries and make the circular economy a reality by turning global waste into clean raw materials.
Each of the acquisitions now operate as a stand-alone business alongside other brands within the Terex MP segment, while also benefiting from Terex MP’s broader market presence, as well as efficiencies enabled by its global scale and investments in areas such as sustainability, digital solutions, and factories of the future.
Besides electrification, Terex MP is focussed in operating its businesses in an environmentally friendly way and in growing its environmental processing equipment offering – one the segment’s fastest-growing areas, in support of the circular economy.
“The demands of our customers are constantly evolving and meeting their needs with a sustainable approach has been a core value of Terex,” says Kieran Hegarty, President, Terex Materials Processing. “Our latest product innovations support the circular economy, reduce GHG emissions and offer alternative energy sources with electric and hybrid options. This supports our customers in reducing carbon footprint globally. In Operations, we have committed to 15 percent reduction in GHG emissions and 15 percent reduction in global energy intensity by 2024.”
“At the end of the day, customers are looking to get a good return on their investment. Digitalization is making the information flow faster and more efficiently,” adds Hegarty. “By creating a digital thread, we are connecting our products, factories, stores and jobsites for a more efficient interaction, ultimately leading to better informed decisions, increased uptime, return on investment and an overall enhanced customer experience.”
