Terex Invests in Electrification Company

Terex has invested in Viatec, Inc., a manufacturer of plug-and-play electronic PTO systems that support electrification of utility fleets. Terex is the lead investor in the Series B investment round along with other participants including Duke Energy. In conjunction with this investment, a Terex representative will fill one of five seats on Viatec’s board.

Terex Utilities has actively worked with Viatec since 2019, focusing on simple and reliable plug-in PTO solutions for the electric utility industry. Terex offers SmartPTO on a variety of its Utilities products, which eliminates noise and carbon emissions, lowers operating costs, and extends the life of utility equipment by reducing engine operating hours.

“Viatec has developed an electrification solution for utility customers that is highly effective and easy to use,” said John L. Garrison, Jr., Terex chairman and CEO, in a prepared statement. “Our investment in Viatec will enable the company to scale production and make its offering more widely available to electric utility and other customers.”

Source: Terex