Crane Broc

8/11/2019 Crane Broc

http://slidepdf.com/reader/full/crane-broc 1/32

Merger & Acquisition History

An AEM Market Intelligence Product



Copyright © Association of Equipment Manufacturers


A Market Intelligence Product

Member History 1834 Stedman Foundry & Machine Company established

1837 Deere & Company founded as one person blacksmith shop

1875 (Ruston, Burton & Proctor) produces its first steam powered excavator1875 Champion Road Machinery founded

Western Wheeled Scraper Company builds the first horse-drawn wheel scraper

1880 Vulcan Steam Shovel Company begins building “Little Giant” excavators

1881 Pinguely, French crane manufacturer established by Alexandre Pinguely

1882 Plymouth International founded (manufacturer of clay working machinery) known as JDFate Company

American Hoist founded as The Franklin Manufacturing Company

1882 Buyrus Company begins producing “Thompson Steam Shovels”

Franklin Manufacturing changes name to American Manufacturing Company

1883 “Barnhart Steam Shovels” produced by Huber Manufacturing Huber Manufacturing changes name to Marion Steam Shovel Company

1884 P&H is founded

1890 Kubota Corporation incorporated as an iron casting foundry

1892 American Manufacturing Company changes name to The American Hoist & DerrickCompany

1898 Weimar (Germany) manufacturer of railway wagons and cranes in established

1898 E. D. Etnyre founded

1892 R-B purchases Richard Hornsby & Sons changes name to Ruston & Hornsby

1897 Zettlemeyer (wheel loaders) is founded

1902 Austin Mfg Co purchased by Western Wheeled Scraper Co - Austin Western RoadMachinery formed – operated as 3 separate companies

1902 Ingersoll-Rand introduces their first air compressor

Clark Equipment Company originated

Dana Corporation founded

Kobe Steel founded

1908 CIT founded

1909 George Armington established Euclid Crane & Hoist Company

1909 JD Fate begins production of automotive buses & trucks

1912 3 investors acquire Stedman Machine from the Stedman family

1912 JD Fate begins production of locomotives cranes1917 Ford begins farm equipment manufacturing in the UK under the Fordson name

1919 R-B purchases Whitaker & Sons

JD Fate merges with Root-Heath now known as Fate-Root-Heath

1922 Coles introduces it’s first truck crane

1922 Lombardini (engines) established

1924 Haulette, French based aerial lift mfr founded

1924 Landini (Italy) begins manufacturing agricultural tractors

1925 Caterpillar Tractor Company formed






1926 Kramer starts as a farm machinery company

1926 Kaeble (Germany) introduces its first dump truck

Potain (tower cranes) founded

1928 Roscoe founded1930 Ruston-Bucyrus formed jointly owned by Bucyrus Erie & Ruston & Hornsby

1931 Euclid Crane & Hoist changes name to Euclid Road Machinery Company

1930’s Fate-Root-Heath begins production of tractors named “Plymouth”

1934 Servis produces the first semi-mount hand adjustable road grader blade

1934 Austin, Western Wheeled & Austin Western Road Mach merged into Austin-WesternCompany

1937 James Bennet & Harry Longford found Benford (site dumpers & compaction equipment)

1937 Dart Truck Company builds its first heavy-duty off-highway truck

1937 Austin-Western introduces the first all-wheel drive, all-wheel steer grader

1938 Jones Mobile cranes produced by K&L Steelfounders & Engineers Ltd.1939 Henry J. Coles purchased by The Steel group of Sunderland renamed Coles Crane

1940 Reedrill founded

1940 The first Gradall excavator is produced

1945 JCB established by Joseph Cyril Bramford

1946 Little Giant Crane & Shovel begins production founded by John Grundon

1946 Gradall Industries purchased by Warner-Swasey from FWF Corp. to manufacture truck-mounted excavators

1947 Grove Manufacturing is begun, producing rubber tired farm wagons

1947 Servis produces the first tractor-mounted, rotary stalk shredder

1947 Melroe Mfg Co founded (farm equip)1948 Servis produces the first pull-type mower/shredder

1949 United Engineering & Foundry Company purchases Stedman Machine

1949 TCM (Toyo Umpanki) begins manufacturing Japan’s first forklift trucks

1949 Matbro (Britain) established by the Mathew brothers - pioneer of the articulated wheelloader &

rough terrain forklift

1949 Badger Machine Company begins making trenchers

1950 Euclid Great Britain established in Scotland to produce haulers

1950 Weimar (Germany) expands machinery line to include wheel excavators & mobile

cranes1950’s Pioneer designs the first boom truck crane

1950’s Johs Mollers (Denmark) begins manufacturing compaction equipment

1950’s Hydrema (Denmark) begins producing wheel loaders

1951 Austin-Western becomes part of the Baldwin-Lima-Hamilton Corporation

1951 Allat begins production of asphalt pavers

1951 Cline Truck Manufacturing Company (heavy duty off-highway trucks) started by MaxCline

1953 Rigo (Italy) begins manufacturing mobile cranes






1953 Sanders Saws founded by Eugene Sanders

1953 USTC begins manufacturing hydraulic material handling and lifting equipment

1953 Reach-All (truck mounted aerial lifts) founded as Arrowhead Tree Service Inc.

GM purchases Euclid Road Machinery - starts manufacturing crawler tractorsClark Equipment Company acquires the Michigan Power Shovel Company andestablishes its

construction machinery division in Benton Harbor, MI

1954 York Stone established - mfr of trolley boom block handlers(eventually JGL Mat HndlgDiv)

1956 Payhauler business started by International Harvestor

1956 Cedarapids begins producing asphalt pavers

1956 Adtra Veicoli Industriali SpA (Italy) begins manufacturing off-highway dump trucks

1956 Kaeble launches Europe’s first heavy duty wheel loader

1957 Bitelli SpA is founded

1957 Klein Products founded (water distribution equipment)

1957 Badger Machine is sold to Warner & Swasey

1958 Mauldin Brothers Manufacturing founded

1958 Melroe Mfg begins producing the Keller Loader (original skid steer)

1959 First Massey Fergusen backhoe loader produced

1959 Grove begins manufacturing rough terrain and truck mounted cranes

1959 Massey Fergusen purchases Landini (Italian tractor mfr)

1960 Richmond Manufacturing (augers) founded

1960 Augers Unlimited purchases The Richmond Manufacturing Co (one of the originalpioneers of auger boring)

1961 Valmet founded in Sweden (forestry products)

1961 Wirtgen founded as a haulage & road building company

1961 Luna (Spain) begins manufacturing cranes

1961 Orley Meyer begins manufacturing overhead cranes

1962 Link-Belt Speeder Corporation licenses Sumitomo to produce its machines in Japan

1962 Melroe “Keller” loader now called Bobcat Loader

1963 Harry Figgie founds Figgie Int’l after leading a LBO of A-T-O Inc.

1963 Menck (W. Germany) by Koehring Company (renamed BOMAG)

1964 Thew Shovel Co. by Koehring Company (renamed Lorain Div.)

1964 CMI begins as a company1964 BR Lee begins production of asphalt pavers

1964 Attachment Technologies Incorporated (ATI) is established

1965 FEMCO founded (aftermarket replacement products for cranes & excavators)

1965 Marion Power Shovel by Pittsburgh Coke and Chemical

1965 Sullair begins as a company

1965 Landsverk (Sweden) by Kockums (Sweden)

1965 Denka Lift A/S (Denmark) manufacturer of lifting attachments established

1966 Bantam Cranes by Koehring Company






1966 Bronto Skylift (Finland) established (truck mounted aerial platforms)

1966 Genie begun by Bud Bushnell

Fate-Root-Heath purchased by Harold Schott

1967 Grove Manufacturing sold to Kidde Inc.1967 Link-Belt Construction purchased by FMC Corporation

1967 Drott Manufacturing purchased by J I Case/Tenneco

1967 Badger Machine begins producing truck mounted cranes

1968 Stedman Machine becomes a Wean-United Company when United Eng & Wean merge.

1968 GM sells Euclid off-highway truck business to White Motor Corp

1968 GM announces TEREX as the brand name for its earthmoving products

1968 Sellick Equipment begins manufacturing forklifts

1968 Mechtron, General Combustion & Genco Mfg merge – new name Mechtron InternationalCorp

1968 Jones Cranes Ltd formed1968 Massey-Ferguson opens US factory (Ohio)

1969 Insley Manufacturing by DESA Industries

1969 Skyjack starts as an industrial machine shop named Haessler & Deway Ltd.

1969 Fate-Root-Heath purchased from Harold Schott by Banner Industries

1969 JLG co-founded by John L Grove and Paul Shockey

1969 Alamo founded

1969 Melroe Company purchased by Clark Equipment: becomes Melroe Division of Clark

1970 Atlas Copco Berema begins operation in the United States

1970 Pinguely (France) by French steel group Creusot-Loire (France) from Alexandre

Pinguely1970 Yumbo S.A. (France) by International Harvester

1970 Badger phases out truck mounted cranes begins rough terrain cranes

1971 Figgie International acquires Snorkel

1971 Arrowhead Tree Service Inc (truck mounted aerial lifts) changes name to Reach-All

1971 Baldwin-Lima-Hamilton Corp (Including Austin Western) by Clark Equipment Company

1971 Fate-Root-Heath acquires heavy duty lift truck line from Eaton

1972 Kockums-Landsverk (Sweden) by Akerman (Sweden)

1972 Priestman (UK) by Acrow Group (UK)

1972 Richier S.A. (France) by Ford Tractor Co.

1972 Simit S.p.A. (Italy) by FiatAllis S.p.A. (Italy)1972 Kubota Tractor Corporation founded (mini-excavators, wheel loaders)

1972 Paccar of Bellevue, Washington buys Wagner Mining

1972 Ford purchases Richier (French) manufacturer of excavators, loader and graders

1972 Cline Truck sold to ISCO Manufacturing Company

1972 Astec Industries founded

1973 Austin Industries chartered (parent of Servis)

1973 Athens Plow purchased by Austin Industries

1973 Multiquip founded as sole US distributor for Mikasa compaction equipment






1973 Galion Manufacturing by Dresser Industries

1973 Broderson Mfg Co (industrial & rough terrain cranes) founded in Lenexa, KS by DeanBroderson

1974 Rheinstahl AG (W. Germany) by Harnischfeger Corp. (renamed Harnischfeger GmbH)

1974 Deutsche Maschinenfabrik (Ger.) by Mannesmann AG (Ger.) (renamed Mannesmann-Demag)

1974 Massey-Ferguson purchases Hanomag from Rheinstahl

1975 IBH purchases Zettlemeyer

1975 Stow purchases the roller, mortar & concrete mixers lines from Western Manufacturing

1975 Barko Manufacturing by Pettibone Corporation

1975 Haulotte (France)(aerial platforms) by Creusot-Loire (France)(owner of Pinguely)

1976 DESA Industries (including Insley) by AMCA International

1976 Poclain S.A. (France) 49% purchased by Tenneco Corp. with option for 51% in 1988

1977 Frisch GmbH (W. Germany) by Faun-Werke (W. Germany)

1977 Marion Power Shovel by Dresser Industries

1977 Pingon S.A. (France) by Creusot-Loire (France)

1977 Gilcrest Equipment founded

1977 Euclid by Daimler-Benz AG (W. Germany)

1977 Neal Manufacturing founded

1977 Halla (Korea) begins construction of earthmoving equipment for Fiat

1977 Fate-Root-Heath changes name to Plymouth Locomotive Works

1978 Grove purchases National Crane

1978 Rayco Mfg established

1978 Bitelli begins producing asphalt pavers1978 Smith Cranes (UK) by NEI Group (UK)

1978 Badger Construction Equipment purchased by Avis Industrial owner of Burro CraneCorporation

1978 Austin-Westren graders sold under the Clark Crane division of Clark Equipment

1979 Timbco Hydraulics founded (tree harvesting products)

1979 Cooper Industries acquires Gardner-Denver

1979 Insley Manufacturing by Burro Crane Corporation

1979 Barko Manufacturing by RayGo, Inc.

1979 Richier (France) by Sanborn S.A. (France) from Ford who keeps loader line

1979 Eaton Yale (wheel loaders) by Trojan Industries1979 Trojan Industries by Faun-Werke (W. Germany)

1979 Portec Butler Division by Ross Company

1979 ISCO Mfg sells Cline Trucks to T & J Industries

1979 Pingon (France) by IBH Holding (W. Germany)

1979 Warner & Swasey Company by Bendix Corporation

JLG begins mfg boom trucks

1979 Grove acquires Manlift

1980’s Kramer begins producing loaders






1980 Hymac (UK) by IBH Holding (W. Germany)

1980 Duomat (W. Germany) by IBH Holding (W. Germany)

1980 Hanomag GmbH (W. Germany) by IBH Holding (W. Germany) from Massey-Ferguson

1980 Fodens (Sweden) by PaccarKoehring Company by AMCA International

1980 Berkamp Inc begins manufacturing pavement maintenance equipment

Austin Products (manufacturing arm of Austin Industries) becomes Rhino Products Inc

1981 Terex Corporation by IBH Holding (W. Germany)

Astec forms Roadtec (asphalt pavers)

1981 Akermans takes controlling interest in Broyt

1981 Clark Austin-Western grader manufacturing ends

1981 Clark Lima Cranes by Grove Manufacturing Company

1981 Watanabe (Japan) by Dynapac Manufacturing (Sweden) (renamed Dynapac Kenki K.K.)

1981 Hein-Werner (hydraulic excavators) by Akerman (Sweden)1981 Pavemaster (Japan) by Dynapac Manufacturing (Sweden)

1981 Halla (Korea) production moves to the Incheon shipyard

1982 Moxy bought by Brown Group

1982 Komatsu buys Int'l Harvesters share of Kimco

1982 Rexnord CMD by group of employees (renamed Rexworks)

1982 Reconoco by Ingersoll-Rand

1982 Wibau GmbH (W. Germany) by IBH Holding (Ger) (included Wibau Can. - formerlyBabcock Allatt)

1982 International Harvester CMD by Dresser Industries (renamed International-Hough

Division)1982 Yumbo S.A. (France) by employee group

1982 International Harvester (haulers) by employees named Payhauler Corporation

1982 Bros. Division of American Hoist & Derrick by employee group (renamed Bros., Inc.)

1982 Gradall purchases the LOED line of material handlers

1982 Kockums-Landsverk (haulers) (Sweden) by Volvo BM AB (Sweden)

1982 Warner & Swasey Company (parent of Gradall) by Allied Corporation

1982 Benford begins production of aerial platforms

1982 Kobelco America opens Houston office

1983 ASV (Posi-Track - all season work vehicles) founded by Edgar Hetteen

1983 Richier bought by Ardennes Equipment1983 IBH sells Derruppe

1983 Sanders Saws sold to Robert Priest

1983 Sanders Saws acquires Mission Diamond Products – renamed CPR Diamond ResearchDivision

1983 Lancer Boss buys Steinbock

1983 Hydromac announces bankruptcy

IBH collapses

1983 Haulmasters, Inc. purchased by Euclid, Inc.






1983 Manitex is founded by Manitowoc Cranes

1983 Hyster CED by ESCO Corporation

1983 Badger Construction purchased by Pacific American from Burro Crane Corp.

1983 Insley Manufacturing purchased by Pacific American from Burro Crane Corp.1983 Koehring Master Div. acquired by Master Consolidated, Inc.

1983 Bros., Inc. by RayGo, Inc.

1983 Aveling-Barford Intl. (UK) by Adrien Eschallier

1983 Warner & Swasey (construction products) by group of employees (renamed The GradallCompany)

1983 Spokane Crusher by Portec, inc.

1983 Yutani (Japan) by Kobe Steel (Japan)

1983 JRB founded (attachments)

1984 Euclid, Inc. by Clark Michigan Company

1984 Dart Truck Co. by Unit Rig & Equipment Company1984 WABCO by Dresser Industries

1984 Sullair becomes a subsidiary of Sundstrand Corporation

1984 Joy Machinery Co. (port air compressors) by group of employees (renamed SullivanMachinery)

1984 Cleveland Trencher Div. of American Hoist by group of employees

1984 CIT Financial Services/RCA Corp. by Manufacturers Hanover Bank

1984 Unit Crane Corp. by AMCA International

1984 Pitman Manufacturing by Wayjax of Ontario (Canada)

1984 Hymac (UK) to NEI Group (UK) from IBH Holding

1984 CMI Corporation manufactures units trademarked for Caterpillar1984 Hydromac (UK) by River S.p.A. (Italy)

1984 Valmet Oy (Finland) by Volvo BM AB (Sweden)

1984 Richier (Fr) (bankrupt) parts & service by Bergerat Monnoyeur

1984 Noerdstroms (Sweden) by Aveling Barford Intl. (UK)

1984 Pingon (France) by Ecomat (France)

1984 Coles Cranes (UK) by Grove Mfg./Kidde

1984 Curbmaster, Inc. by group of employees

1984 Hoes GmbH (W. Germany) by Dynapac Manufacturing (Sweden)

1984 Sambron S.A. (France) by Potain S.A. (France)

1984 Blaw-Knox UK sold by Wibau to White Consolidated1984 Management buyout of the EIU & formation of the Corporate Intelligence Group

1984 General Motors buys Terex, Scotland

1984 Zettlemeyer bought by private investor

1984 Hanomag purchased by private investors

1984 Maco-Meudon bought from IBH receivers

1984 Richier dissolved

1984 Eicher Tractor closes

1984 Fenwick Forklift trucks sold to Linde






1984 Winget and Miurhill (ex-IBH) sold to Sanderson Forklifts

1984 Marathon LeTourneau buys Titan

Fuchs goes into receivership

1984 Case sells Travelift crane designs to Mi-Jack Inc1984 Massey-Ferguson reorganized - new name M-F Industrial

1984 Deere acquires rotary engine business from Curtis Wright

1984 Creusot-Loire, owner of Haulette & Pinguely goes into receivership. Subsequently,Haulette

returned to the management of Georges Haulette producing the Calavar line. Pinguely’s

technology was acquired by Pinguely Industrie. Marketing of the Pinguely & Hauletteproducts

was acquired by Solem, a French sales company

1984 G.S.I. established (scissor lift manufacturer)

Baraga Products Inc founded by group of ex-Pettibone employees

1984 Melroe Division of Clark Equipment becomes Melroe Co a business unit of ClarkEquipment

Skyjack begins production of scissor lift work platforms.

1985 Sanders Saws purchases Wispurr Cut

1985 Pel-Job (France) starts producing mini excavators

1985 International Harvester (agricultural equipment) by J I Case/Tenneco

Barber-Greene concrete pavers by S.C. Johnson Company

1985 Trenchmaster founded by Brown Manufcaturing

1985 Clark Michigan Co becomes a subsidiary of VME Group

1985 Al-jon landfill compactors by Ingersoll-Rand

1985 NUMA Tool Company formed by Roland Leonard

1985 Harnischfeger joint venture with ICOMA S.p.A. (Italy) for production of hydraulic cranes

1985 Cadillon S.A. (France) by Manitou Site Lift (UK)

1985 Cline Truck Manufacturing Inc is a division CBT Corporation

1985 Ammann (Switzerland) by Duomat (W. Germany) (renamed Duomat-Ammann)

1985 Deere formed joint venture with Hitachi (Japan) and Yanmar (Japan) for mini-excavators which will be sold in

North America (trademarked Deere)

1985 Bucyrus-Erie construction products by Northwest Engineering

1985 Albaret S.A. (France) by RayGo, Inc.1985 RayGo, Inc. (including Albaret and Bros.) by CMI Corp(all products to be trademarked

Caterpillar)

1985 Barmac America by Damien Rodriguez

1985 Fleetguard by Dresser Industries

1985 Lokomo-Rauma Repola Oy (Finland) (excavators) by Lannen Tehtaat Oy (Finland)

1985 Trenchliner Company by Kukla Ohio

1985 Wyco Tool Company by Racine Federated

1985 CompAir (UK) by Siebe North (Canada)






1985 Wibau Canada (Allatt) by Fortress (Canada) (renamed Fortress Allatt)

1985 Blaw-Knox (UK) by Blaw-Knox Construction Equipment

1985 Ruston-Bucyrus (UK) by employees (LBO group) (renamed R.B. Lincoln, Ltd.)

1985 Valmet buys Nordsk Hymas1985 Lannen purchases Syvanen

1985 KHD buys Allis Chalmers' Farm Interests

1985 Fuchs bought by Schaeff

1985 Ford purchases Sperry New Holland from Sperry Rand

1985 Pinguely bought by management team from Creusot-Loire

1985 Slurry-Seal Int'l, Waco TX (asphalt coatings) purchased by Scan Road Div.,

Nobel Industries, Sweden - now Scan Road Inc.

1985 I-R acquires CDS rough terrain lift trucks

1985 Caterpillar buys the design & mktg rights of DJB articulated dump trucks from David

Brown1985 Gradall sold to ICM Investment Company

1985 Gehl begins manufacturing construction equipment

1985 Iowa Manufacturing changes name to Cedarapids

1985 Mechtron acquires Beverly Group

1985 Clark (Euclid & Michigan brands) forms joint venture with Volvo AB and names it VME(Volvo-Michigan-Euclid)

1986 Caterpillar/Mitsubishi joint venture for hyd. ex. to be trademarked Caterpillar -Mitsubishi no longer to trademark Excavators as Mitsubishi (new company ShinCaterpillar Mitsubishi)

1986 Komatsu (Japan) to manufacture mini-excavators for North America trademarked asClark/Melroe

1986 Faun-Werke (Ger) (Including Trojan Industries) by Orenstein & Koppel (O&K) (Ger)

1986 Sperry New Holland by Ford Tractor (renamed Ford New Holland)

1986 FMC Const. Div. by Sumitomo Heavy Ind. (Japan) (49%) (renamed Link-Belt Constr.Equipment)

1986 Blaw-Knox Construction Equipment/White Industries by AB Electrolux (Sweden)

1986 Koehring Cranes & Excavators by Northwest Engineering Co.

1986 Yumbo S.A. (France) by Dresser Industries

1986 Alamo purchases Temple Manufacturing (post hole diggers)

1986 Steiger Tractor Co. by J I Case Company

1986 Barber-Greene Company by Astec Industries, Inc.

1986 Roadtec switches from paver to cold planer production

1986 Ferguson Manufacturing Co. by Van Shee Mfg. Ltd. (Canada)

1986 Hokuetsu (Japan) to manufacture mini-excavators for North America trademarked forGehl Co

1986 Ecomat (France) to manufacture mini-excavators for European market trademarked forClark/Bobcat

1986 Astra Veicoli (Italy) by Iveco (Italy) (majority interest)






1986 Hy-Way Heat bt Mechtron International

1986 Bituma Construction Equipment (BCE) by Mechtron International

1986 Priestman by Sanderson (UK) from Acrow Group

1986 Terex Corporation purchased by Northwest Engineering Co.1986 BM Group buys Benford

1986 Chicago Pneumatic bought by Danahar

1986 Coventry Climax bought by Kalmar

1986 Fiat-Hitachi excavator venture formed

1986 Brown Group manufactures articulated dump trucks for Komatsu

1986 Hitachi Constr. Mach America Co (HCMA) begins marketing excavators in the US

Insley Manufacturing (cranes) by Badger Equipment

1986 FMC signs joint venture with Sumitomo

1986 Figgie Int’l, Snorkelift Div buys Kunterlift from John Parker & Associates

1987 Grizzly Trenchers by Do-All Manufacturing1987 Kangwon (Korea) begins manufacturing undercarriage components

1987 Midmark (trenchers) by Clark/Melroe Company

1987 Terex Scotland by Terex/Northwest Engineering Co.

1987 American Hoist & Derrick Co. by Ohio Locomotive Crane Corp.(renamed AmericanCrane Corp)

1987 Speicher Corporation by Ohio Locomotive Crane Corp.

1987 ABG (compaction equipment) to be mftd and trademarked for Komatsu agreement endsin 1989

1987 Boeing (BETA) Construction Equipment manufacturing transferred to Japan

1987 Allis-Chalmers Solids Processing Div. by Boliden (Sweden) (renamed Boliden-Allis)1987 Ransomes & Rapier (UK) by Stothert & Pitt (UK)

1987 Koehring Construction Equipment Div. by employee investors (renamed TRAKInternational)

1987 Grove Manufacturing Co. (and Kidde Inc) by Hanson plc (UK)

1987 Nordberg (UK) by Rauma-Repola (Finland)

1987 Lokomo (Finland) by Rauma-Repola (Finland)

1987 Frederick Parker Ltd. (UK) by Brown Engineering (UK)

1987 Hymac (UK) by Brown Engineering (UK) from NEI

1987 Earthworm begins importing hydraulic excavators from USSR

1987 Broyt A/S (Norway) by Brown Engineering (UK)1987 Rockwell buys SOMA European Transmissions S.A.

1987 OMC bought by Austoft Industries

Gottwald bought by Krupp

Koehring (cranes & excavators) and Benton Harbor Hydraulics sold to NorthwestEngineering by

AMCA International

1987 RB Lincoln buys Pegson

1987 Hitachi, Deere, Furukawa & Fiatallis in wheel loader co- operation






1987 Zettlemeyer bought by Eder

1987 Simon Aerials purchases Skywitch (scissor lifts)

1987 Management group buys Trak from AMCA International

1987 Fiskars Oy Ab (Finland) purchases majority stock of Bronto Skylift1987 Daewoo establishes a technical center in South Wales

1987 Plymouth Locomotive Works sold by Banner Industries to employees - renamedPlymouth

Locomotive International

1987 Chicago Pneumatic becomes part of the Atlas Copco Group (Sweden)

1987 Ford purchases Versatile (Canadian farm tractors) renames the company Ford NewHolland

1987 Mechtron International changes name to Gencor

1987 Rhino Products changes name to Servis-Rhino

1988 Northwest Engineering and all holdings renamed TEREX CORPORATION (all formercompanies keep names as divisions)

1998 Caterpillar & CMI discontinue their manufacturing relationship - all asphalt andcompaction equipment product rights are purchased by Caterpillar with the exception ofasphalt plants (Caterpillar also purchased facilities formerly known as RayGo inMinneapolis, Bros. in Minneapolis, and Albaret in France)

1988 Driltech, Inc. by Tamrock Tampella (Finland)

1988 TCI Power Products by Gehl Company

1988 Komatsu and Dresser Industries form joint venture for manufacture and marketing ofunits in the Western Hemisphere (joint venture named Komatsu Dresser Company)includes Galion

1988 Case sells drawing of Droot cranes to Shuttlelift, Inc. (Marine Travelift)1988 Becor Western by management group (50.1%) and Goldman, Sachs & Co. (49.9%) -

renamed Bucyrus-Erie Company

1988 Harnischfeger Construction Equipment Div. by group of management (renamed CenturyII)

1988 Weserhutte AG (Ger) parts business by Orenstein & Koppel (O&K) (Ger) (majorityinterest)

1988 Unit Rig & Equipment by TEREX Corp.

1988 Page Engineering by Harnischfeger Corp.

1988 Tamrock purchases Mission Drilling

1988 Stratoflex by Parker Hannifin

1988 AB Best Matic (Sweden) by Ingersoll-Rand

1988 Deere & Hitachi form joint venture for manufacture and sale of hydraulic excavators inNo America

1988 Continental Diversified (CDSI) (rough-terrain forklifts) by Ingersoll-Rand Co.

1988 Marka-Tek (Do-Mor) (construction tractors) by Ingersoll-Rand

1988 Nordberg, Inc. by group of investors (from Rexnord)

1988 Sullivan Machinery Co. by group of investors (renamed Sullivan Industries, Inc.)

1988 Whiteman Manufacturing Co. by Multiquip, Inc.

1988 Economy Engineering by Figgie International (merged with their Snorkel Division)






1988 Champion Machinery by Sequoia Associates (they also own Timberjack)

1988 Dynapac Maskin AB (Sweden) by Componenta Group (Sweden)

1988 Borg-Warner Automotive Corp., Off-Highway Systems Div. by mgmt buyout - renamedRockford Powertrain, Inc.

1988 Curbmaster of America by group of investors (renamed Curbmaster, Inc.)

1988 Fortress-Allatt by Ingersoll-Rand Co. (renamed IR/Allatt)

1988 Midland Machinery (asphalt pavers) by Ingersoll-Rand Co.

1988 Neal pavers marketed as AEM VanShee Equipment (Canada) by Dan Sheehan(renamed Sheehan Equipment) (marketing arrangement with Bitelli was discontinued)(purchase includes Ferguson Manufacturing)

1988 Aeroquip Co. (Barco various ball, rotary and swivel joints as well as Venturi flowmeasurement

systems) to Marison Industries, Inc. (S. Elgin, IL)

1988 Cunard Cranes begins importing cranes manufactured in USSR

1988 Prime Mover (Hon) by BT Industries AB (Sweden)

1988 Advance Mixer and TET, Inc. merged

1988 Permaban N.A. by American Wire Tie, Inc.

1988 Komatsu begins production of equipment in the U.S.

1988 Kubota begins production of equipment in the U.S.

1988 Rammer Oy (Finland) by Outokumpu Oy (Finland)

1988 Sabine Metal & Machine Co. by American Coupler Systems

1988 Williams Hand Tool, Inc. by MLIF Acquisition Co. (renamed J.H. Williams IndustrialProducts)

1988 Stephens-Adamson (bulk material handling systems) by Boliden (Sweden) (renamed

Stephens-Adamson Boliden, Inc.)1988 Akerman (Sweden) (29% interest) by VME Group

1988 PSI Vibratory Pile Drivers/Extractors by Casteel/USA (renamed Casteel/PSI)

1988 Beemer Engineering and Precision Component Sales merged and renamed BeemerPrecision, Inc.

1988 Tampo Mfg. (pneumatic rollers and 1 model vibratory roller) by Ingersoll-Rand Company

1988 Aveling-Barford International by group of investors - renamed Aveling-Barford Machines

1988 Poclain S.A. (France) sold by Case (44%) to Group Legris

1988 Versatile by Ford New Holland

1988 Sanderson and Sellick form separate, independent companies

1988 Trencor-Jetco by Astec Industries1988 Ransomes & Rapier walking dragline product line by Bucyrus-Erie

1988 Stelco by Simon Aerials

1988 Simma (Italy) by Potain (France)

1988 Gru Comedil (Italy) by Casagrande (Italy)

1988 Cadillon (France) by Potain (France)

1988 Bendini (Italy) by PPM (France)

1988 PPM (France) by Potain (France)

1988 Fiat forms Fiatgeotech






1988 Kalmar takes over Allis-Chalmers forklift business

1988 Barber-Greene England bought by BM Group

1988 FDI and Sambron merge

1988 Marini bought by Fayat Group1988 Bentai buys Comet-Opera

1988 Delta Systemes SA founded (French aerial platform manufacturer)

1988 Fiatallis & John Deere announce backhoe loader joint venture

1988 TC Industries product line & factory (rough terrain lift trucks) by Gehl Co.

1988 Libra (Italy) agrees to market Prime Mover skid steer loaders in Italy under the Libraname

1988 Manitowoc acquires the Orley Meyer overhead crane product line and assets

1988 RB Lincoln purchases Mashlin (parts manufacturer)

1988 Pettibone Corporation substantially acquired by Michael Heisley

1989 Wirtgen purchases SGME, Belgian concrete paver manufacturer1989 Timberjack acquires Peerless Corporation

1989 Rauma Repola acquires Timberjack

1989 U-Crete, Inc. by Continental Manufacturing, Inc.

1989 Kobelco begins production of excavators in U.S.

1989 Kawasaki begins production of wheel loaders in U.S.

1989 Nordberg (U.S.) by Rauma-Repola Oy (Finland)

1989 Hyster Co. industrial lift trucks by Nacco Ind. Inc./Yale Materials Handling

1989 Noe Pereira (Portuguese tower crane manufacturer) by Potain

1989 RO Corporation (pin mounted cranes) by Simon Engineering

1989 Savage Manufacturing by Mack Trucks1989 Funk Manufacturing/Cooper Industries (transmissions) by Deere & Company

1989 Standard Havens, Inc. by Cedarapids Inc.

1989 Brimont (France) by PPM (France)

1989 Ransomes & Rapier (UK) crawler crane product line by NCK Cranes, Ltd. (UK)

1989 Weserhutte (West Germany) product range by Herman Surken (q.v.)

1989 Moelven Brug (West Germany) by Munsters HMC Erp (Holland) renamed Munsters Kran AB

1989 Lion Manufacturing Co.(rough terrain lift trucks) by The Gradall Company

1989 Tampo Manufacturing by Dynapac AB (Sweden)

1989 Waldon Co. by Celstar Inc.1989 Dynamic Industries (inventory & parts, & product lines) by Continental Diversified

Sales/Minnpar

1989 Komatsu and Dresser joint venture for North American machinery operations

1989 Dresser European mfg operations inc Yumbo exc business in France & Germany byFurukawa

1989 Stothert & Pitt closes

1989 Wibau sold to Putzmeister

Berco buys Simmel






1989 Mauldin sold to Damsmith Company – name changed to Damsmith-Mauldin

1989 BM Group buys Austoft (Australia) & Mustang Mfg. Co (Owatonna Mfg Co.)

1989 Takeuchi, Kubota, Yanmar, IHI build European mini excavator plants

1989 Compair Holman buys Stothert & Pitt's compaction range1989 Brown Group buys Stothert & Pitt's dumper range

1989 Heathfield in management buyout

1989 Atlas Copco buys Wagner Mining from Paccar

1989 Sullair buys Maco-Meudon

1989 Hymac closes

1989 Partek Cargotek AB (Sweden: US subsidiary is Hiab Cranes & Loaders) purchases ABTico (Sweden: US subsidiary is Dunbar Mfg) from Bruks Mekaniska

1989 Wajax Ltd (Canada) sells Polecat Digger Derricks & Pelican aerial platforms to Reach- All (MN)

1989 Minnesota Power (utility) purchases 821/2% of Reach-All

1989 TEREX acquires Fruehauf trailer & maritime business

1989 Libra Machine SA (Italy) begins manufacturing of mini excavators

1989 Etnyre buys low boy trailer business from Hyster

1990 Servis-Rhino changes name to Alamo Group

1990 Stedman Machine is purchased by Eagle Crusher

1990 Calavar Condor (Waco, TX)(access platforms) purchased by O'Flaherty Holdings(Ireland)

1990 Hyster rough terrain lift trucks to Ingersoll-Rand

1990 Rockwell Industrial Tools to Cooper Industries

1990 Hydra-lift crane line sold by Wajax (Canada) to RTI Leyland Inc (subsidiary of LeylandMarsh) RTI incorporates it into the Russel Bros. Division

1990 Komatsu (Japan) acquired a majority stake in Hanomag

1990 Benati purchased by Fiat-Hitachi

1990 Morrison's Concrete & Equipment Inc. by Amida Industries Inc.

1990 Hydromac & Nuovo Rock merge

1990 Guria & Kawasaki in distribution agreement

1990 Tadano buys Faun Crane line

1990 Brown Group goes into receiving (Moxy & Broyt)

1990 Fiat & Ford New Holland merge farm & construction equipment interests renamed - NewHolland

1990 BM Group buys Blackwood Hodge

1990 Austoft acquires Owatonna Mfg ( U.S. skid steer loaders)

1990 Kawaski to produce Kobelco Wheel Loaders

1990 United Dominion Industries (BOMAG) purchases Hyster Compaction Div (HYPAC)

1990 Clark Components purchases Hurth Axle (Hurth Italiana SpA - Axles & Gear Boxes)

1990 Clark Components purchases Drexel Ind. (narrow-aisle lift trucks)

1990 Thwaite (UK) acquires Pegasus Platforms

1990 Daewoo acquisition of Compagnie Belge de Materiel S.A. (CBM) from Westfalia GmbH






1990 I-R acquires Ing. G. Klemm Bohrtechnik GmbH (Rock Drills)

1990 Hymac Equip. Ltd. acquired by John Kennedy Plant Group (Ireland) from Brown Group

1990 Sanderson (UK) off highway vehicles into receivership

1990 Priestman Excavators sold to R-B Lincoln by Sanderson1990 VME sells Ranger line of log skidders to Valmet

1990 VME increase ownership of Akermans to over 90%

1990 AMCA International name changed to United Dominion Ind.

1990 Duetz-Allis Corporation sold to management

1990 B F Goodrich off highway business sold to Carlisle

1990 Barber-Greene UK sold to Benford

1990 CMI operates in noncompliance with lending agreements

1990 Ford, Tenneco & Kubota acquire 27% of Cummins Engines

1990 JLG purchases U.S. Truck Cranes (trolley-boom, pin mounted truck cranes)

1990 VME purchases Zettlemeyer1990 Twin Disc acquires Brockhouse Transmission (UK)

1990 Twin Disc acquires the Electronics Design Div. of Eder Ind.

1990 Caterpillar purchases 65% of Balderson (attachment mfr)

1990 Sanderson rough terrain lift trucks to Aveling Barford

1990 AGCO (Atlanta) buys Deutz-Allis farm equipment from KHD

1990 Incheon shipyard renamed Halla Engineering & Heavy Industries licensing agreementswith Fiat,

Case Poclain & Hitachi

1990 Wiemar (Germany) begins production of crawler excavators

1990 Grove Manufacturing becomes Grove Worldwide1991 I-R acquires ABG (Germany - asphalt finishers & compaction) from Pottkampers family

1991 60% of Hyco (Italian rough terrain crane & scissor lift trucks) purchased by Boss fromIcoma now known as HycoBoss

1991 Sanderson dumpers & concrete mixers to Seddons (UK)

1991 Champ rough terrain lift trucks to Gehl Co.

1991 Gordon Smith & Co (Smith Air Compressors) operates under Chapter 11

1991 Legris Inds buys 80% of Century II - plans to merge with PPM mobile crane div of thePotain Group

1991 Caterpillar buys Barber-Greene from Astec

1991 Astec to resume production of the Roadtec paver line1991 Gehl purchases Puckett Brothers

1991 Hiab Cranes & Loaders merges with Dunbar Mfg to form Cargotec Inc in Swanton, OH.Will market Hiab & Tico articulating cranes, Multilift Hooklift container handling systems,Moffett Mounty truck mounted forklifts & Dunbar scale testing equipment, tele booms &crane accessories

1991 Harnischfeger Ind. acquires the rotary blasthole drill product line from Gardner-Denver

1991 J I Case & Kubota enter 5 yr marketing agreement for mini excavators & wheel loaders

1991 Deere sells the rotary engine division business to Tohoe Company of Lincoln, NE






1991 PPM closes Century II's Dortmund facility

1991 Moxy now owned by Olivin A/S (Norwegian state owned quarrying co) 66% & KomatsuLtd 34%

1991 Heathfield (UK dump trucks) sold by Centrax Group to Winterstone Ltd.

1991 TEREX acquires Mark Industries (Aerial work platforms)

1991 TEREX to distribute & manufacture TCM wheel loaders in Europe

1991 Multiquip acquires Essick and Mayco

1991 Matbro (rough terrain lift trucks) sold by the Mathew Brothers to Powerscreen Intl (No.Ireland)

1991 Fiat sells Hesston subsidiary to Duetz-Allis (AGCO in Atlanta)

1991 Allied Products sells it's White Tractor line to Allis-Gleaner Corp (owner of Duetz-Allisfarm equipt )

1991 Allis-Gleaner & J I Case own 50% each of Hesston Corp purchased from Fiat

1991 Tamrock and Driltech separate - no longer one company

1991 LeRoi air compressors bought from Dresser Industries by employees

1991 Komatsu buys 10% stake of FAI (Italian mini excavators)

1991 JLG acquires certain asses of Alumaloft Division of the Equipment Company of America

1991 Fiat assumes full ownership of New Holland

1992 Bor-Mor (trenchless drilling) founded

1992 Priestman VC Excavator range sold to RB Lincoln

1992 Tim Dillion starts Priestman Equipment Ltd to manufacture access platforms

1992 Rexworks sells concrete equipment business to Rose Industries - new company calledRexcon

1992 Melroe sells trencher line to Burkeen Mfg (Olive Branch, MS)

1992 TEREX acquires Clark Material Handling from Clark Equipment

1992 Aveling Barford (owned by Wordsworth Holdings) purchases manufacturing rights to Achlift &

Spencer access equip. (van & truck mounted access platforms) from Powered AccessLtd. (UK)

1992 Calavar Condor purchases Weber Industries (scissor lifts)

1992 Craeling AB (core drilling, grouting & trenchless pipe laying) acquired by Atlas Copcofrom Diamant Boart SA

1992 Krupp (Germany) merges with Hoesch (German steel maker owner of 75% of O&KGermany)

1992 Simon Eng. (UK) purchases Italian aerial work platform mfg - Cella - new companycalled Simon Aerials Europe

1992 LaBounty Mfg & Stanley Hydraulic Tools merge, now a division of Stanley Works

1992 Cranes Today magazine acquired by Wilmington Publishing

1992 Diamond Back founded (blades & core bits)

1992 Galion becomes a separate division of Komatsu Dresser

1992 Komatsu Dresser Parts becomes a separate division

1992 VME & HCM forms Euclid-Hitachi






1992 Joint venture Fiat & Hitachi: FH Constr. Equipment SpA focusing in Europe, Africa &Middle East

1992 BOMAG & HYPAC now known as Compaction America

1992 Century II changes name to PPM Cranes, Inc (P&H)

1992 Aveling Barford purchases York Trailers

1992 Fermex formed by employee purchase of MF Industrial from Varity

1992 Prime Mover (skid steer loaders) purchased by Little Six Inc., name changed to MahtaIndustries

1993 Mauldin Brothers buy back Damsmith-Mauldin from Damsmith

1993 Gordon Smith & Co sold to Walter Meier Holding Company – renamed Smith AirCompressors

1993 Champion Road Machinery purchases SuperPac (compactors & rollers) from BNREquipment

1993 Terex enters joint venture with Linyi Const. Mach. Co of Shandong, China to make

wheel loaders &articulated haulers in China

1993 Lull Ind (rough terrain fork lift trucks) by Badger Brazen

1993 Luna Cranes (Spain) suspend production due to bankruptcy

1993 Atlas Copco (Sweden) buys Robbins Company (US mfr of tunnel boring machines)

1993 Aveling Barford changes name to Wordsworth Holdings Plc

1993 Atlas Copco (Sweden) buys Kango (UK mfr of electric power tools)

1993 Sykes Pumps name change to Acme Sykes Inc

1993 Gardner-Denver percussion & rotary drills sold to Reedrill

1993 Atlas Copco (Sweden) buys Creyssensac’s compressor business from Indresco

1993 Gardner-Denver portable air compressors sold to LeRoi Int'l

1993 Kronco Inc (US mfr of rber trd gantries & overhead cranes) acquired by Kone (Finnishcrane mfr)

1993 AGCO purchases White-New Idea Implements

1993 Zettlemeyer purchased by VME Group

1993 The first Halla (Korea) designed excavator is manufactured

1993 Daewoo begins production of excavators in Europe

1994 Mauldin sold to Calder Brothers Corp (retains Mauldin name)

1994 Manitowic aquires FEMCO Machine (replacement crane parts)

1994 Liftlux, German access equipment mfr, begins production

1994 Weimar (Germany) introduces its first wheel loader

1994 Caterpillar buys design rights, intellectual property & inventory of telescopic rough terrainlift trucks

of DJ Industries from David Brown

1994 Marathon LeTourneau sold to Rowan Companies Inc. by General Cable Corp.

1994 Valmet (Finland) becomes part of Sisu Corporation (Finland)

1994 Mastagni Family purchases Benfra (Italian wheel loader/backhoe loader mgfr)

1994 Champion purchases the Eager Beaver compactor models from General Engines

1994 Cummins acquires Power Group Intl (UK) - trade names: Petbow, Auto Diesel & Agrebu






1994 Blaw-Knox purchased by Clark Equipment from AB Electrolux

1994 AGCO purchases Massey Ferguson

1994 Harnischfeger Industries acquires Joy Technologies

1994 Powerscreen Aquires Benford from BM group1994 Skyjack acquires Amador Aerials

1994 Kramer (Germany) purchases Benmac excavators

1994 Tenneco begins public offering of Case stock returning it to public ownership

1995 Atlas Copco purchases Milwaukee Electric Tool Corporation

1995 Hanomag (Ger.) controlled but not wholly owned by Komatsu Ltd (Japan) changes nameto Komatsu Hanomag AG

1995 Luna Cranes (Spain) begins production after 2 year suspension

1995 LeRoi air compressors bought by CompAir Holman (UK) new name - CompAir LeRoi

1995 Excel Corporation changes name to Excel Manufacturing Inc.

1995 Clark Equipment Purchased by Ingersoll-Rand (includes Melroe/Bobcat)1995 Goldstar (Korea) halts production of crawler excavators

1995 Ingersoll-Rand sells Allatt Paver line to Champion Road Machinery

1995 Powerscreen International UK purchases Pegson Crushers from Lincoln Industries

1995 Wirtgen GmbH purchases Wibau Asphalttechnik mixing plant product line from AstecIndustries

1995 Liebherr America acquires Wiseda Ltd (rear dump haulers) to be renamed LiebherrMining Truck

1995 Tamrock purchases Rammer

1995 Wirtgen Germany purchases 34% of Vogele (asphalt pavers)

1995 Terex purchases PPM Cranes (France & US) & Bendini (Italy) from Legris renamedTerex Cranes along with Koehring

1995 Phillips Temro changes name to Phillips and Temro Industries

1995 Harbour Group (Omniquip) acquires TRAK International

1995 Grove Worldwide buys Krupp Mobilkrane GmbH (Germany) including Krupp CranesNorth America

1995 Reach-All purchased by Ron Lewis (Minnesota businessman)

1995 Amdura Corp owner of The Crosby Group (forged fittings & hook blocks) & The HarrisWaste Management was acquired by FKI plc of the UK

1995 MacLean Hunter changes name to INTEREC Publishing Group/Mining & ConstructionGroup

1995 Haybuster Manufacturing changes name to Duratech Ind. Intl1995 Dataquest Inc - Machinery Information has changed name to K III Directory Corp - Mach

Div

1995 CEI Enterprises bought by Astec Industries

1995 Caterpillar purchases Dana’s Wolverhampton transmission facility - trade name DanaSpicer Jones Iron Fairy (industrial cranes - UK) sold to Severnside Machinery Ltd.

1995 Jones Lattice Boon crane business sold to Dutch firm Akerbergs

1995 Harbour Group acquires Reedrill, Inc.

1995 Homelite Div of Textron changes name to Homelite a Div of Deere & Company






1995 Volvo AB purchases remaining 50% of shares in VME, changes name to VCE (VolvoConstruction Equipment)

1995 Astec sells it’s Wibau-Astec German subsidiary to Wirtgen

1995 Snorkel Economy changes name to Snorkel

1995 Dana Corporation acquires the axle group (Salisbury, Kirkstall & Comaxle divisions) ofGKN (UK)

renames it Dana Spicer Axle Europe

1995 Indresco sells it’s Jeffrey Underground Mining Equipment business to Jeffrey MiningProducts L.P.

1995 American Augers purchases Augers Unlimited (formerly known as RichmondManufacturing)

1995 Grove-Manlift purchases Delta Systems (France) manufacturer of vertical lift aerialplatforms

1995 Harnischfeger purchases Dobson Park Industries (mining equipment)

1995 Daewoo purchases Polish auto maker FSO1995 Daewoo purchases diesel engine, transmission & agricultural machinery business from

Ateyr-Daimler-Puch of Austria

1995 Stampcrete Decorative Concrete Inc changes name to Stampcrete International Ltd

1995 Daewoo acquires 61% of FS Lublin, a Polish light truck manufacturer

1995 Federal Signal (Oak Brook, Illinois) purchases Bronto Skylift Oy Ab from Fiskars Oy Ab

1995 Denka Lift sold to Vojens Tovvaerk (Denmark) by the Volund Group

1995 Volvo Construction Equipment acquires Groupe Pel-Job, French manufacturer of miniexcavators,

wheel excavators, small wheel loaders & Mecalac utility machines

1995 Hyundai opens its first factory outside Korea in Keel, outside of Brussels1995 Priestman Equipment (UK) buys Powered Access (platforms) from Wordsworth Holdings

(deal

includes designs of Armfield, Powertec, Acklift & Spencer)

1995 Kaeble goes into receivership

1995 PFL Powerfab, Welsh manufacturer of micro excavators, site dumpers & mini excavatorschanged

its name to Lifton UK. It is a subsidiary of the Danish hydraulic breaker Lifton Industries.

1995 Trail King acquires end-dump trailer companies, Ti-Brook Inc & Ti-Brook South Inc.

1995 IR purchases Bobcat

1995 Muhibbah Engineering (Malaysia) purchases Favelle Favco Cranes Pty Ltd (Australiantower crane mfg.)

1995 American Augers acquires facilities and operating assets of Augers Unlimited.

1995 Carlisle (construction materials) purchases Trail King (heavy lowbed trailers) from theThomsen family.

1995 I-R buys Clark-Hurth

1995 Case Tenneco sells manufacturing rights of Drott Cruz-Air excavator to Badger

1995 Wirtgen purchases Ingersoll-Rand cold planer line

1995 Atlas Copco - Sweden purchases Socapel a manufacturer of motion control products








Dunbar Mfg (US-crane accessories) - new name Cargotec Inc

1996 Lister-Petter (UK diesel engine mfr) sold by BTR to Schroder Ventures (UK)

1996 Muhibbah Engineering (Malaysia) buys Marine Crane business from Manitowoc eng.

1996 TEREX sells Clark Material Handling to CMHC Acquisition Corp.Harbour Group Investments (Omniquip)(owner of Trak Int’l) purchases Lull Industries(telescopic

rough terrain fork lift trucks)

1996 Terex Heavy Equipment Group renamed Terex Trucks

1996 G.S.I. stops manufacture of scissor lifts

1996 CMI purchases Curbmaster - now known as CMI Metro PAv

1996 Wirtgen acquires majority holding of Intertractor (Germany - undercarriages and runninggear for

tracked construction machinery

1996 Hydrema (Danish manufacturer of backhoe loaders & articulated dump trucks)purchases

Weimar (German manufacturer of hydraulic excavators & wheel loaders)

1996 Case purchases Fermec Holdings, Ltd (UK), producers of backhoe loaders, mini-excavators, skid

steer loaders & industrial tractors

1996 DEMAG Drucklufttechnik (German Compressor manufacturer) taken over by CompAir -new name

CompAir DEMAG

1996 Caterpillar Attachment Products & Services (CAPS) acquires John Henry Rock Drills(WV)

1996 BG Pavers (formerly the UK arm of Barber-Greene) sold by Benford to Unipave Ltd1996 Komatsu buys remaining 63% of FAI

1996 Case buys Bor-Mor (Trenchless drilling)

1996 I-R purchases Surface to Surface (trenchless drilling)

1996 Wirtgen increases shareholding in Vogele (German asphalt finisher producer) to 68.8%

1996 Siebe plc (UK owner of CompAir Holman) purchases air compressor div of MannesmannDemag

1996 American Hook Lift (formerly Vulcan) purchased by Krause Corporation (agriculturalproducts)

(AHL no longer in business; keeping name for marketing purposes only).

1996 Dana purchases Clark-Hurth Components from Ingersoll-Rand1996 Little Giant Crane & Shovel sold by Grundon family to Avis Industrial Equipment

1996 Caterpillar purchases Vibra-Ram Wack GmbH, German hydraulic attachment mfr.

Gencor purchases the Process Equipment Division of I-R and renames it CPM

Puckett Manufacturing reenters the asphalt paver market (new name, new product line)

1997 American Crane changing name to American Crane Corporation - An American Hoist &Derrick Company

1997 Bucyrus International Inc acquires Marion Power Shovel






1997 American Hoist & Derrick purchases Plymouth Locomotive International Inc(locomotives, electric

forklifts, stock pickers, and ceramic extruder machinery)

1997 Caterpillar purchases MaK - Krupp’s diesel engine business

1997 Wirtgen GmbH now owns all shares of Vogele (German asphalt finisher producer)

1997 Wirtgen acquires majority ownership of Intertractor AG (US Headquarters in Elkhorn, WI)

1997 Terex acquires Simon Aerials, Simon-Telelect, Simon-Cella & Simon-RO

1997 Volvo purchases Champion Road Machinery

1997 Terex acquires Baraga (telescopic rough-terrain lift trucks)

1997 Powerscreen acquires Doggett Engineering, attachment manufacturer (Ireland)

1997 Deere changes name of industrial equipment business to Worldwide ConstructionEquipment Division

1997 Muhibbah Engineering (Malaysia) purchases Danish tower crane manufacturer Kroll

Manitou Group (France mfgr of rough terrain forklifts) to begin manufacturing aerial workplatforms

Simon and Mark brand names are to be phased out by Terex. New business units to becalled:

Terex Aerials (self-propelled machines), Terex Utilities (Telelect & digger derricks) &Terex Booms (Cella & Simon-RO)

Production Engineered Products (PEP) acquired by Astec Industries

Svedala Industries AB acquires Reedrill Corporation from Harbour Group

Potain (France) purchases Wolff (German tower crane manufacturer)

Mannesmann Demag changes name to Mannesmann Dematic

Offshore Crane Engineering (Scotland) purchases the marine crane business of Bucyrus

International (Milwaukee)Dana purchases Eaton’s axle and brake business

Eaton purchases Dana’s clutch business

Homelite changes name to John Deere Consumer Products

Dealer Parts Network changes name to Finlay Industries Network/Dealer Parts Network

from USM Equipment Company and then to Dealer Parts Network/Finlay Inds.

1997 Johnson Hill Press now owned by Cygnus Publishing

1997 OmniQuip purchases Snorkel from Figgie International

1997 Manitowoc Engineering Company changes name to Manitowoc Cranes Inc

1997 Avis Industrial Corporation (Indiana) acquires Sellick Equipment (rough terrain forklifts)

1997 CMI acquires Ross Company (TX) and CS Johnson consolidates renames companiesJohnson Ross

1997 Guiffre Bros purchases ready mix truck business from Rexworks

1997 CMI purchases compactor and grinder business from Rexworks

1997 Gehl purchases Mustang Manufacturing ( skid-steer loaders)

1997 NCK Cranes (crawler cranes) bought by Staffordshire Public Works (SPW) from CliffeHoldings

1997 Clark-Hurth renamed Spicer Clark-Hurth

1997 Jones Cranes reopens in West Sussex, UK/owned by Roy Stout






1997 Norberg purchases The Read Corporation renamed Nordberg-Read Inc.

1997 K-III Directory has changed its name to Primedia Information Inc.

1997 Astec Industries purchases Portec CED changes name to Kolberg-Pioneer Inc.

1997 United Dominion purchases Stow Manufacturing, becomes light equipment division ofCompaction America

1997 Woods Equipment aquires Wain-Roy, Inc

1997 Sandvik purchases Tamrock & Drillmaster International

1997 Cummins Engine acquires Nelson Industries (exhaust & air filtration systems)

1998 Caterpillar purchases Perkins Engine business from LucasVarity

Process Technology Holdings (Hewitt-Robins, Kue-Ken, SECO & WS Tyler)changesname to CENTRIC

1998 Grimmerschmidt changes name to Superior Compressor

1998 Grove Worldwide is sold to Keystone Inc by Hanson plc

1998 AGCO purchases Melroe Co farm implements from Ingersoll Rand

1998 Volvo Construction Equipment acquires Samsung Heavy Industries

1998 Terex acquires Gru Comedil

1998 Powerscreen International sells Matbro Ltd (telescopic handlers) to Deere

1998 Manitowoc aquires U.S. Truck Crane

1998 Sullivan Industries acquired by GHS Corporation

1998 Terex acquires American Crane

1998 Terex aquires Holland Lift International

MTI (Mobil Tool International) utility truck platform manufacturer buys AmeriQuip, Inc(aerial lifts)

1998 Terex aquires O&K Mining division

1998 Case & Sumitomo form 50/50 joint venture - LBX (old Link-Belt excavators)

1998 Toro sells recycling equipment business to Precision Husky Corporation

1998 Astec acquires Johnson Crushers International

1998 Caterpillar acquires majority interest in A.S.V. Inc (Posi-Track) all season work vehicles

1998 New Holland consolidates its light industrial equipment and Fiatallis constructionequipment to form

New Holland Construction (NHC)

1998 Manitex acquires USTC

1998 Terex acquires Payhauler

1998 Astec purchases EssTee manufacturing Company (asphlat plants)1998 Terex purchases Italmacchine SpA (Italian telescopic material handlers)

1998 Terex purchases Peiner tower cranes (Germany)

1998 Little Beaver acquires Kwik-Trench

1999 JLG acquires Gradall

Terex buys Powerscreen which includes Benford

1999 Volvo to sell 65% of Mecalac to Mr. Henri Marchetta

1999 Volvo sells SuperPac compaction business to employees

1999 Terex purchases Cedarapids, Inc.






1999 Komatsu buys remaining interest in Demag Komatsu GmbH

1999 Blount to be purchased by LehmanBrothers

1999 Terex acquires Bartell

1999 Terex acquires Re-Tech1999 Terex acquires BL Pegson

1999 Terex acquires Finlay

1999 Global Asphalt Products purchases Pro-Pav division of Champion from Volvo

1999 Terex acquires Amida

1999 New Holland and Case Corporation merge form CNH

1999 Nordberg purchases Masterskreen (Ireland)

1999 Textron Inc. buys Omniquip

1999 Syltone (UK) acquires Priestman Equipment (aerials)

1999 Terex acquires the material handling business of Teledyne Specialty Equipment

(Princeton in the US and Kooi Aap inEurope)

1999 Eaton purchases Aeroquip Corporation

1999 Sundstrand (along with Sullair) is acquired by United Technologies Corp (UTC)

1999 Forke Credit Corporation changes name to FCC Equipment Financing

1999 CMI acquires R.M. Barton Company

1999 Astec purchases American Augers

1999 Vickers Inc purchased by Eaton Corp.

1999 Terex acquires Franna

1999 Astec purchases Superior Industries of Morris

1999 Mark IV Industries acquires Lombardini2000 Ingersoll-Rand buys Neal Manufacturing (asphalt pavers)

Randall buys ACP

2000 Caterpillar acquires Bitelli (asphalt pavers)

2000 Manitex acquires Pioneer Cranes

2000 Terex acquires Muller Mixer

2000 Timbco & Partek Forest merge (known as Partek Forest)

2000 Deere buys Timberjack

2000 Terex acquires Fermec

2000 Ingersoll-Rand buys Sambron (tele handlers/) sells truck-mounted forklift business to

Partek Cargotek2000 Wirtgen America purchases Hamm

2000 Detroit Diesel sold to DaimlerChrysler by Penske Corporation

2000 Astec acquires Carlson Paving Products (asphalt paver screeds)

2000 Trail King Industries acquires Red River Manufacturing (custom trailers)

2000 Potain (France) acquires Liftlux Access, German scissor manufacturer

2000 Komatsu acquires Hensley

2000 Terex acquires Coleman Engineering

2000 Alamo Group purchases Schulte






2000 Multiquip purchases Engine & Equipment

2000 Dimas purchases Magnum Diamond

2000 Dimas purchases Cushion Cut

2000 The Associates acquired by CitiGroup2000 Blount acquires Fabtek Corporation (forestry products)

2000 Superior Industries sells GrimmerSchmidt to Grimmer Industries

2000 BR Lee sold to Crescent Capital now known as Lee Boy

2000 Shuttlelift acquires Pittman Mfg (aerial work platforms and digger derricks)

2000 Cifali (Brazil) apshalt pavers purchased by CMI Terex

2001 Elliott Equipment acquires Vantage Point Manufacturing (Skywalk line of truck-mountedaerial lifts)

2001 Nordberg changes name to Metso Minerals

2001 Caterpillar acquires the TIMBERKING track feller buncher intellectual property

2001 RB International sold to Langley Holdings2001 Chicago Pneumatic becomes part of Atlas Copco Construction Tools

2001 Manitowoc acquires Potain (French tower cranes)

2001 Wirtgen America purchases Global Asphalt changes name to Voegle America

2001 Lee Boy purchases Rosco Manufacturing

2001 Terex purchases CMI

2001 Deere changes mane of construction div to Worldwide Construction & Forestry Division

2001 National Machine Works purchases Mighty Equipment (material-handling equipment)

2001 Kobelco America Inc changes name to Kobelco Construction Machinery America LLC

2001 Harnischfeger renamed Joy Global Inc

2001 Multiquip purchases Sanders Saws2001 Terex acquires Jaques

2001 IR purchases Superstav/Earthforce – now part of Bobcat unit

2001 Terex acquires Atlas-Weyhausen

2001 United Dominion (parent of BOMAG) acquired by SPX (US)

2001 Aerial Specialists Inc (Racine) acquires Pro-Mark Aerials (trailer mounted & electricvehicle mounted)

2001 CIT acquired by Tyco International, name changed to Tyco Capital

Multiquip acquires Sanders Saws

2001 Metso acquires Svedala (including Dynapac & Reedrill)

2001 Multiquip acquires Stow manufacturing from Compaction America (Bomag Light)2001 Deere sells Homelite Division to TechTronics Inds. Co (Hong Kong)

2001 Volvo CE acquires telescopic handler business from UpRight Inc

2001 Volvo acquires Scat Trak (Skid-steers) from OmniQuip

2001 Volvo acquires compaction business from SuperPac

2001 Terex acquires Atlas ERS

2001 Power Curbers establishes Power Pavers (Cedar Falls, IA) concrete slipform pavers (oldCurbmaster)






2001 Noble Construction acquires Eagle-Picher’s construction equipment division – verticalmast rough terrain forklifts

2002 Smith Air Compressors acquired by Boss Industries (no longer in business)

2002 Terex acquires Schaeff

2002 Gorman-Rupp acquires American Machine & Tool Company (centrifugal pumps)

2002 MQ acquires Diamond Back (blades & core bits)

2002 Terex acquires Pacific Utility

2002 Lift Systems acquires Riggers Manufacturing.

2002 Terex acquires EPAC

2002 Sweepster and FFC merge to form Sweepster FFC

2002 Thomas Industries (Pumps & compressors) buys Rietschle (Germany)(pumps, blowers,compressors)

2002 Terex acquires Genie

2002 Arvin Meritor’s off highway & specialty business purchased by Wynnchurch Capital – renamed AxleTech

2002 Krone purchases Partek Corporation (parent of Valtra)

2002 AGCO acquires the Challenger line of tractors from Caterpillar

2002 P.K. Lindsay compressor assets acquired by American Eagle Accessories Group a divof Stellar Ind.

2002 Skyjack wholly owned by Linamar Corp

2002 Terex acquires Advance Mixer

2002 Manitowoc purchases Grove Worldwide

2002 IR sells Engineered Solutions (including Timken motion controls & bearings) to TheTimken Company

2002 Terex acquires Demag Cranes

2002 Textron sells Snorkel product line to Elwood Holdings

2002 Manitowoc sells Manitowoc Boom Trucks to Quantum Heavy Equipment LLC

2003 IR sells Engineered Solutions to Timken

2003 Manitowoc sells Femco to private investors (employees)

2003 Atlas-Copco Comptec Inc (oil-free, air & gas centrifugal compressors) & Atlas CopcoCompressors merge

2003 Clark Material Handling auctioned off to Young An Hat Company LTD (Korea)

2003 AGCO purchases Valtra from Krone

2003 JLG purchases SkyTrack, Lull, & Omniquip

2003 Komatsu acquires Partek Forest AB & Partek Forest Holdings LLC from Krone Corp(includes Valmet brand)

2003 BOMAG Americas purchases Gilcrest’s ProPaver division

2003 Parker Hannifin acquires Denion International (Fluid power systems)

2003 Kobelco Cranes North America established

2004 IR sells drill business to Atlas Copco

2004 Metso sells Dynapac to Altor Equity Partners (Nordic investors)

2004 Astec sells Superior Industries to employees/investors

2004 Attachment Technologies acquires Genesis






2004 Attachment Technologies acquires JRB

2004 Manitowoc (Grove) sells aerial work platform business (Delta Manlift & Liftlux) to JLG

2004 ASV acquires Loegering Mfg (Steel tracks and skid-steer attachments)

2004 Oshkosh Truck acquires Concrete Equipment Company (CON-E-CO) including AudubonMfg

2004 Attachment Technologies (ATI) changes name to Paladin

2004 Terex acquires additional 51% of Tatra - now owns 71%

2004 Terex acquires additional 33% of American Truck Company – now owns 66%

2004 Volvo sells compact motor graders to Champion LLC

2004 JLG purchases intellectual property/assets of US Manlift and Liftlux from ManitowocCompany

2004 SPX sells Bomag to Fayat Group (private owned business in Bordeaux, France)

2005 Doosan purchases Daewoo Heavy Industries

2005 IR completes purchase of Superay, China based mfr of Pneumatic tools

2005 Lincoln Industrial acquired by Harbour Group

2005 Caterpillar buys minority ownership if Shandong SEM Machinery (China – wheelloaders)

2005 Terex acquires Reedrill from Metso

2005 JCB acquires Vibromax

2005 Trimble acquires Apache Technolgies

2005 Equipment Parts Wholesale purchases Mayville Engineering moves it to Selma, CA,new name MEC

2005 TBEI Inc purchases Crysteel Mfg

2005 MEC purchases Upright telehandler line from Volvo

2005 Wacker acquire Weideman

2005 Detroit Diesel sold by Daimler Chrysler to Swedish private equity firm - EQT

2005 HECO (Highway Equipment Company) acquires Flowboy

2005 Holmbury Inc buys Integrated Technologies product line

2005 Ammann acquires Stavostroj (compaction equipment)

2006 Leica purchases Mikrofyn Positioning Products

2006 Alamo purchases Nite-Hawk hydraulic street sweepers

2006 Alamo purchases Gradall excavators from JLG

2006 Terex Reedrill acquires Halco Holdings Ltd (including Halco Drilling Int’l, Halco America, Australia & Ireland)

2006 Thomas Equip acquires Tovel's rt forklifts, telescopic handlers, mortar/plaster mixers,mortar boxes and buggies.

2006 Wacker Corp purchases Ground Heaters Inc.

2006 MK Diamond acquires Canoga Mixers (concrete mixers) from Southeast ConstructionSupply.

2006 Tanfield Gr oup (UK) acquires Upright Int’l (Snorkel)

2006 Terex acquires 50% of Sichuan Changjiang Eng Crane Co (China)

2006 Veri-Tek purchases Manitex from Quantum Value Management LLC

2006 Vision Technologies Land Systems (VTLS) acquires B R Lee (Lee Boy)






2006 Joy Global purchases Stamler Mining Equipment from Oldenburg Group.

2006 Hi-Vac acquires O’Brien Mfg (sewer cleaning equipment)

2006 Miller-St. Nazianz Inc. purchases the Raptor product line (self-propelled sprayers) fromWeddle Equipment Co

2006 Oshkosh Truck purchases Iowa Mold Tooling

2006 Tecumseh US buys Tecumseh UK from Tecumseh Europa

2006 Paladin Brands sold to Dover Resources by Norwest Equity

2006 Weldco Beales purchases Bateman Mfg (Canada) mfr of heavy equipment attachments

2006 Alamo purchases Vac/All products

2006 Multiquip becomes exclusive dealer for Ammann rollers in US and parts of Latin America

2006 Terex sells Tatra AS to Blue River s.r.o. (Czech based consortium)

2006 Oshkosh Truck purchases JLG

2006 IR acquires Irish attachments firm Geith International

2006 Manitex (Veri-Tek) purchases Liftking Industries, changes name to Manitex Liftking.2006 GKN plc (UK) acquires Rockford Powertrain

2007 Altor Equity Partners sells Dynapac to Atlas Copco AB

2007 Bucyrus to acquire DBT GmbH (continuous miners)

2007 Dana sells its trailer suspension and axle business to Hendrickson

2007 Manitowoc to purchase Carrydeck line of industrial cranes from Shuttlelift.

2007 Volvo acquires IR Road Machinery Division (rollers, pavers, milling machines,telehandlers & RT forklifts)

2007 Sandvik acquires Extec Screens & Crushers

2007 Sandvik acquires Fintec Crushing & Screening

2007 Atlas Copco acquires Dynapac becomes Atlas Copco Road Construction Equipment2007 Husqvarna purchases Soffcut

2007 Kohler Co purchases Lombardini from Mark IV Industries

2007 Astec purchases Peterson Pacific (horizontal grinders)

2007 AGCO purchases Brazilian farm implement manufacturer Industria Agricola FortalezaLimitada

2007 Veri-Tek acquires Noble RT forklifts from GT Distribution.

2007 Vermeer to purchase 50% of Wildcat Mfg

2007 Skyjack purchases Carelift Equipment

2007 Galaxy Tire & Wheel acquired by GPX

2007 Deere acquires Ningbo Benye Tractor & Automobile Mfr Co (Chinese tractors)2007 Miller St. Nazianz to sell hay and forage lines to Art’s Way Mfg

2007 Arens Controls acquires Quadrastat (controls)

2007 AGCO purchases Industria Agricola Fortaleza Limitada (Brazil) farm implements (drills,planters, corn header)

2007 Doosan purchases Bobcat, Utility Equipment and Attachment Businesses from IngersollRand

2007 Vermeer & Lely jointly purchase Welger (German baler & bale wrapper mfr)








2008 Manitex acquires Schaff Inc (indoor electric sit-down and standup forklifts) from GTDistribution

2008 Palfinger purchases Omaha Standard (producer of truck bodies and pick-up tail lifts)

2008 Eaton acquires Integ Holding Limited, parent company of Integrated Hydraulics LTD UKmfr of valves and manifolds

2008 Parker Hannifin acquires: Legris SA, mfr of fluid circuit components; Origa Group, mfr ofactuators; Hargraves Technology, mfr of miniature liquid and pneumatic diaphragmpumps

2008 Astec acquires Dillman Equipment, mfr of asphalt plant equipment

2008 Woodward Govenor acquires MotoTron Corp (software for control systems)

2008 Doosan Infracore purchases Moxy Trucks

2008 GE Capital acquires CitiCapital leasing and commercial finance business

2008 Eaton purchases the engine valve business of Kirloskar Oil Engines.

2008 Trimble acquires SECO Manufacturing, mfr of accessories for the geomatics, surveying,

mapping and construction inds.2008 ZF AG purchases Cherry Corp. mfr of electronic components and systems

2008 Terex buys the port equipment (gantry, harbor reach stacker cranes) business ofFantuzzi Industries

2008 Woodward Communications purchases Two Rivers Marketing

2008 Tadano Ltd purchases SpanDeck (producer of Mantis telescopic crawler cranes)

2008 General Dynamics acquires AxleTech International from Carlyle Group.

2008 Altec acquires Lift-All (aerial lifts & digger derricks)

2008 Bucyrus International acquires Bastro (Czech Rep) (engineering svcs)

2008 Parker-Hannifin acquires Detroit Plasticos & Metals (Brazil) (fittings, valves, manifolds,

tubing)2008 Montana Tractors acquires Farmtrac

2008 Bucher Hydraulics acquires Command Controls

2008 Manitou purchases Gehl

2009 Kuhn North America acquires Kverneland Group (balers, mowers, tedder-rake combos,corn choppers)

2009 Coneqtec (hyd att) purchases Terramite Co & Terraquip (backhoes, sweepers, screeds)new name Terraquip Construction products

2009 Mahindra & Mahindra purchases Punjab Tractors

2009 Magnum Products acquires CH&E Pumps from ABS

2009 Vermeer purchases remaining share of Wildcat (keeps Wildcat brand name)2009 Western Kansas Caterpillar dealer Foley Equipment acquires Topeka, Kan.-based

Martin Tractor.



ASSOCIATION OF EQUIPMENT M ANUFACTURERS

The Association of Equipment Manufacturers (AEM) is the North American-based trade

group providing innovative business development and international traderesources to help its members remain competitive in the global marketplace.

AEM has over 800 member companies that manufacture equipment, productsand services used worldwide in the agriculture, construction, forestry, mining andutility fields.

Product Groups

Forums for targeted action on standards, statistics, safety, governmental concernsand other issues affecting specific product segments.

Statistical Reporting Programs

Information to assess industry trends, provide benchmarking and forecasting data

Safety and Technical ActivitiesInput to national, provincial and global standards, regulations and certification procedures,

and promotion of equipment safety.

Washington, DC Office

The voice of the equipment industries on critical legislation and regulations.

Trade Shows

CONEXPO-CON/AGG, CONEXPO Asia, ICUEE, IFPE, World of Asphalt

Preferred access to industry showcases: reduced rates, priority space, input to show rules.

Educational Programming

Industry-focused strategic planning information, ideas, resources and networkingopportunities.

International Marketing Assistance

Cost-effective and industry-targeted services and support to enter orexpand into global markets. Includes full-time Beijing, China office, Latin America

“desk,” Ottawa, Ontario office, European presence in Brussels, Belgium.

Workforce Initiatives

ConstructMyFuture.com (with AEDF and AGC), other partnerships promote equipmentindustry careers.

Liaison with Major Customer Groups

Facilitator for discussion of distribution, rental and fleet management issues.

Industry Support

Contributor of time and funds to more than 30 groups advancing industry causes.

WWW.AEM.ORG

Online strategic business information services and strategies available 24/7.

Documents

Crane Broc