Terex buys Hydra Platforms and expands facilities

  • 19-Jun-2008 09:11 EDT

Terex Corp. has acquired Hydra Platforms Mfg. Inc., a manufacturer of truck- and trailer-mounted self-erecting under-bridge access equipment used for bridge construction, maintenance, and inspection. Hydra Platforms will become part of the Terex Roadbuilding segment and will work with the company’s Bid-Well subsidiary. Terex also announced that its Genie Industries subsidiary, a manufacturer of aerial work platforms, selected a site in Changzhou, China, to build its production facility, and plans to break ground mid-year. Terex Utilities also announced plans for a $4 million, 40,000-ft² (3716-m²) expansion of its current manufacturing and office facility in Watertown, SD.

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