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

  • Volvo CE making moves
    June 26, 2025
    Volvo CE is making major moves to boost sales for Europe while selling its stake in SDLG.
    Read More
  • New more efficient tools for loading and hauling duties
    September 30, 2013
    A number of key manufacturers are offering major improvements to their product offerings for loading and excavating. Key developments have been seen in engines and transmissions in particular, with vast reductions in emissions as well as improved fuel economy and working efficiency. Caterpillar’s 966K XE wheeled loader is one of the firm’s most sophisticated new models, with power from a 240kW diesel being delivered through an innovative continuously variable transmission (CVT). This technology is new t
    Read More
  • Zoomlion ends pursuit of Terex Corporation
    May 31, 2016
    Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra
    Read More
  • Zoomlion ends pursuit of Terex Corporation
    May 31, 2016
    Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra
    Read More

Highlighted Content