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Terex Announces Acquisition Of Northern Ireland Steel Fabricator To Support Growth Of Materials Processing

Apr 25, 2022•over 3 years ago

Acquiring Company

Terex Corporation

Acquired Company

Steel Fabricator

NorwalkManufacturing

Description

Terex (NYSE: TEX) today announced the acquisition of Steelweld, a manufacturer of heavy fabrications based in Northern Ireland. The purchase of Steelweld supports Materials Processing's growth strategy by increasing fabrication capabilities in Northern Ireland.

Company Information

Company

Terex Corporation

Location

Norwalk, Connecticut, United States

About

Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization and offer complementary digital solutions designed to help our customers maximize their return on investment.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed