Genie Parent Terex Invests in Acculon

Terex is making a Series A investment in Acculon Energy, an engineering and connectivity company focused on developing electrification solutions, to support Genie’s electrification strategy.

“For decades, Genie has been a leader in developing and refining industry-specific technologies to electrify aerial equipment,” said Simon Meester, Genie president, in a prepared statement. “Now, as the global construction industry gears up to get to the next level of emissions reduction, Genie is excited to be teaming with Acculon.

“Together, we will continue leading the charge toward a greener and cleaner future, while maintaining the focus on the quality, reliability and performance for which Genie is known.”

Acculon's team has significant experience not only in the research and development of advanced battery technologies, but in artificial intelligence and cloud-connected products as well, according to Terex. The company also has important capabilities in certifying battery-enabled systems.

“Our partnership will accelerate the delivery of next-generation electrification solutions for Genie equipment and the people who count on that equipment every day,” said Acculon’s president, Andrew Thomas, in a statement.

Source: Terex