Gini's parent company, Terex Group, bought ESG for $2 billion, the largest acquisition in the company's history, and steadily moved towards the goal of leading the global scrap recycling market.
August 01, 2024
July 24, 2024，Terex Group, the parent company of Gini, announced that it would buy Duff Group for $2 billion in cash.(Dover Corporation)Under the flagEnvironmental Solutions Group（Environmental Solutions Group，Hereinafter referred to asESG)。ESGThe company is the world's leading garbage recycling Vehicle.、Design and manufacturer of waste compression equipment and related components and digital solutions。This is the largest acquisition in the history of Terex.，It is not only another major layout of the company in the field of waste recycling and environmental protection technology.，It is also a strategic transformation of Terex's business.、A critical step toward becoming an industry leader。
1
Expand Terex Group's size and range of operations，Consolidate and strengthen existing market leadership
Mergers and acquisitionsESGAfter the company，The Terex Group is expected to double in size over the next five years.，It has successfully become one of the leaders in the global waste treatment equipment market.。Terex plans to set up a new ecological environment division.，Will its existing electric engineering Vehicles（Utilities）Business andESGDeep integration of the company。The move is aimed at integrating resources and complementing each other's advantages.，Maximize business synergies。After the acquisition，The two sides will work together to promote technological innovation and product upgrading in the field of waste recycling.，Committed to providing customers with a more comprehensive、Efficient solution。
2
Further consolidate and strengthen the financial strength of Terex Group
ESGThe company has a history of 110 years.，Is the absolute leader in the global scrap recycling market。The company has a wide range of business coverage.，The product line is rich，Sales in 2023 will be about 7.$500 million。The acquisition will not only expand Terex's revenue scale.，It will also enhance the overall financial strength of the company.。ESGThe company's business is characterized by weak periodicity.，Helps balance Terex's portfolio，Reduce the impact of market volatility on company performance，Further consolidate and strengthen its financial position，Improve profitability。
3
Increase Terex's exposure to the rapidly growing scrap recycling market
As the world's waste disposal methods are shifting from Landfill and burning to recycling and reuse.，The waste recycling industry market is expected to experience explosive growth in the next 10 years.。ESGThe company has a deep customer base and good market reputation in the North American market.。Terex will useESGBrand influence and sales channels，Further expand the North American scrap recycling market。At the same time，The two sides will jointly explore new demands and trends in the North American market.，Promote innovation and upgrading of products and services，To meet the growing environmental needs of customers。
President and CEO of TerexSimon Meester Mr. Wang said：
The acquisitionESGAn incredible one for Terex.、An exciting milestone，This is in line with our efforts to strengthen our product portfolio and drive sustainable development with leading operating systems、The goal of promoting long-term steady growth is consistent.。ESGWould add a strong anti-cyclicality to Terex's portfolio、The business sector that helps to improve profitability and become a market leader，Effective synergies in the fast growing scrap recycling market。We look forward to welcomingESGThe team joins Terex，Create long-term for all our stakeholders、Sustainable Value！
ESGThe company is affiliated withDover(Dufu Group) Engineering Products Division，It mainly produces garbage recycling Vehicles.、Waste compression equipment。It has many leading brands in the industry.，IncludedHeil, Marathon, Curotto-CanAndBayne Thinline，And Digital Solutions Company 3rd EyeAndSoft-Pak。Company based on product quality、Durability、Solid waste industry renowned for reliability and service excellence in North America。
