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Terex announces acquisition of Northern Irish steelmaker to support growth in materials processing

, /PRNewswire/ — Terex (NYSE: TEX) today announced the acquisition of Steelweld, a Northern Ireland-based heavy duty manufacturer. The acquisition of Steelweld supports the materials processing company’s growth strategy by increasing its manufacturing capacity in Northern Ireland.

“We are delighted to welcome Steelweld’s talented employees to the Terex team. Over the past 40 years, the company has built Terex Corporation Chairman and CEO John L. Garrison, Jr. said

Kieran Hegarty, President of Terex Materials Processing continued, “Steelweld’s heavy-duty manufacturing expertise will provide additional knowledge and talent to support Terex Materials Processing development of. “

About Terex
Terex Corporation is a global material processing machinery and aerospace manufacturer work platform. We design, manufacture and support applications for construction, maintenance, manufacturing, Products for energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their environmental impact, including electric and hybrid products that provide quiet and zero-emission performance, renewable energy-enabled Products and products that help recover useful materials from a variety of wastes. Our products are manufactured in North America, Europe, Australia and Asia and sold around the world. We engage with customers at all stages of the product life cycle, from initial specification and financing To Parts and Service Support.

Forward-Looking Statements

Certain information in this press release includes forward-looking statements regarding future events or our future (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995) involving certain contingencies and uncertainties, including our financial performance for the year ended 2021 Content discussed in our Annual Report on Form 10-K for the year ended December 31, and in our subsequent reports filed with the Securities and Exchange Commission from time to time, entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations— —Contingencies and Uncertainties”. In addition, when included in this press release, “may,” “anticipate,” “should,” “intend,” “anticipate,” “believe,” “plan,” ” “project”, “estimate”, “will” and their negatives and similar or similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statement is not forward-looking. We base these forward-looking statements on current Expectations and projections of future events. These statements are not guarantees of future performance. Such statements are inherently subject to various risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond our control, include:

  • Our business has been and may be further adversely affected by the global health pandemic, such as Outbreak Coronavirus Strain of Novel Coronavirus (“COVID-19”);

Our business is highly competitive and is affected by our cost structure, pricing, product plans and other actions taken by our competitors;

    We are relying on third-party suppliers, Makes us vulnerable to supply shortages and price increases;

  • Consolidate our customer base and suppliers;
  • Our operations are affected by the many potential risks that arise from operating a multinational corporation , including compliance with the pending regulatory environment and political instability;

  • Significant damage to one of our vital facilities;
  • Our business is sensitive to government spending;

      Our ability to integrate acquired businesses;

  • Our business is affected by the cyclical nature of the markets we serve;
      We are required to comply with the restrictive covenants contained in the debt agreement;

        Our ability to generate sufficient cash flow to meet our debt obligations and operate our business;

      • Our ability to access capital markets to raise capital and provide liquidity;

      • The financial status of suppliers and customers, and their continued access to funding ;
      • Risk of credit support to some of our clients;

  • We may suffer losses in excess of record reserves;

  • Our business is global , subject to changes in exchange rates between currencies, commodities, price changes, regional economic conditions and trade relations;

  • We retain key management personnel and skilled workforce;
      Possible Lockouts and Other Labor Matters ;

  • Import changes/export regulatory regimes, imposition of tariffs, escalating global trade conflicts and unfair trade imports, especially from China, may continue to negatively impact our business;

      Comply with changing laws and regulations, especially environmental and tax laws and regulations;

    • Litigation, Product Liability Claims and Other Liabilities;
      • We comply with the United States (“US”) Foreign Corrupt Practices Act and similar global anti-corruption laws;

      • Increased regulatory focus on privacy and data security issues and expanded law;

          Our ability to comply with injunctions and related obligations imposed by the U.S. Securities and Exchange Commission (“SEC”);

        • Our ability to successfully implement our strategy gy;
        • us disruption or destruction of information technology systems and sensitive data storage; and
        • other factors.

        Actual events or our actual future results may differ materially from any forward-looking statements as a result of these and other risks, uncertainties and material factors. The forward-looking statements contained herein speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this press release to reflect any change in our expectations therefor or the events, conditions or circumstances on which any such statement is based. Any changes based on.

        contact details
        Randy Wilson
        Investor Relations and Corporate Finance Director
        call : 203-221-5415 Email: [email protected]

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        SOURCE Terex Corporation



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