Terex company acquired

FIL FILIPOV, a strategic private investor and sole shareholder of Atlas Maschinen, has acquired the Atlas Cranes & Excavators from Terex Corporation. The newly-formed German company Atlas Maschinen is headquartered in Delmenhorst, Germany, and Filipov will serve as the chairman of Atlas Maschinen Group. "Atlas Cranes & Excavators have strong industry recognition, wide distribution network and quality manufacturing capabilities.
February 7, 2012 Read time: 2 mins
FIL FILIPOV, a strategic private investor and sole shareholder of 2346 Atlas Maschinen, has acquired the Atlas Cranes & Excavators from Terex Corporation.

The newly-formed German company Atlas Maschinen is headquartered in Delmenhorst, Germany, and Filipov will serve as the chairman of Atlas Maschinen Group.

"Atlas Cranes & Excavators have strong industry recognition, wide distribution network and quality manufacturing capabilities.

The Atlas brand name and Atlas colours will be used, and no changes will be made to the current distribution network. Our main objective is to focus on quality, customer service, cost improvements, lead time reductions and to expand our product offerings," said Filipov.

As a strategic initiative, Atlas will be offering complete products, including special adaptations and attachments.

Filipov added: "We will be looking for additional work from outside customers, to better utilise the capacity of our cylinder and fabrication factory in Vechta, Germany. No factory closings or headcount reductions are planned".

Atlas will continue manufacturing excavators in Germany at Ganderkesee; cranes at Delmenhorst and cylinders at Vechta.

For more information on companies in this article

Related Content

  • Dynapac’s new future within the Fayat Group
    March 8, 2018
    Dynapac is now part of the Fayat Group and is a new sibling for fellow road machinery firm BOMAG - Mike Woof writes. The purchase of Dynapac from its previous owner, Atlas Copco, by the Fayat Group did generate some comment in the construction machinery sector. Dynapac, a long-standing player in the road machinery segment, is a rival to a firm that is already a key component in the Fayat Group, BOMAG. Both BOMAG and Dynapac make ranges of soil compactors, asphalt compactors, asphalt pavers and milling m
    Read More
  • The Wirtgen Group has bought a majority stake in Benninghoven
    August 12, 2014
    The Wirtgen Group has acquired a 70% stake in the asphalt plant manufacturer Benninghoven, located in Mülheim, Germany. Benninghoven is a successful manufacturer of asphalt plants with a strong reputation for its technology and product quality, as well as its customer support.
    Read More
  • LeeBoy expansion strategy targets emerging markets
    March 12, 2014
    During the recent Conexpo event in Las Vegas, Kelly Majeskie, President of The LeeBoy Group, spoke about his expansion plans for the business “We’ve been working on a couple strategies for LeeBoy” said Majeskie, “an overseas growth strategy and a more focused approach to the US market. Like most businesses we saw a major downturn when the US housing market took the big hit in 2008/9.
    Read More
  • LeeBoy expansion strategy targets emerging markets
    January 6, 2017
    During the recent Conexpo event in Las Vegas, Kelly Majeskie, President of The LeeBoy Group, spoke about his expansion plans for the business “We’ve been working on a couple strategies for LeeBoy” said Majeskie, “an overseas growth strategy and a more focused approach to the US market. Like most businesses we saw a major downturn when the US housing market took the big hit in 2008/9.
    Read More

Highlighted Content