Terex Corporation has announced that it is making a Series A investment in Acculon Energy, an engineering and connectivity company focused on developing the next generation of electrification solutions for non-automotive equipment.
As part of the deal, Genie, which is owned by Terex, will partner Acculon, which through its founders, brings 13 years of experience operating at the forefront of advanced battery technology solutions.
“For decades, Genie has been a leader in developing and refining industry-specific technologies to electrify aerial equipment. 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,” said Simon Meester, Genie President on the announcement.
At the 2022 Construction Machinery Middle East Awards, the Genie Z- 45 FE Hybrid Articulated Boom Lift was awarded in the ‘Access Equipment of the Year’ category.
“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. The company also has important capabilities in certifying battery-enabled systems.
“We are excited to partner with Genie and Terex, whose names are synonymous with quality and safety. 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 June 2022, Genie said it was introducing its hydraulic oil containment system to global markets while, in July, Dayim Equipment Rental said it would operate a fleet facility for the AMAALA and Red Sea Projects comprising equipment from Genie and Zoomlion.