Terex Acquires Terminal Tractor Product Line from CVS Ferrari

Through the acquisition, Terex will have a complete line of port solutions to offer its customers.

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Terex Port Solutions (TPS) has acquired the assets of the terminal tractor product line from CVS Ferrari S.R.L. (CVS), which has been part of Manitex International Inc. since 2010. The acquisition strengthens TPS’ position as a leader in integrated solutions for ports and terminals. The existing range of terminal tractor models will be further developed and marketed under the Terex brand. The machines will be manufactured at the Terex site in Lentigione, Italy, which currently manufactures Terex empty and full container handlers in addition to heavy-load forklift trucks. CVS will fulfill current supply contracts with its existing customers. At the same time, TPS is taking all necessary measures to quickly integrate the new products in its sales, R&D, production and service activities.

Supplementary product range in a globally important market

The addition of terminal tractors further develops TPS’ position as a provider of integrated systems for port technology, augmenting what is already the most comprehensive product range in the market and closing the last big gap in its product portfolio. Steve Filipov, President Terex Material Handling & Port Solutions, says, “Adding terminal tractors enables us to enter this mature market and offer an even greater range of handling equipment solutions – simplifying business for our customers by trimming the number of manufacturers they deal with to get the equipment they need. By acquiring this product line from another premium manufacturer, it also avoids adding unnecessary new capacity to the global manufacture of these machines.” Approximately two thirds of the larger terminals worldwide currently organize their container handling with rubber-tired gantry cranes (RTG) together with terminal tractors. According to Filipov, “With such a large market, it is logical that we want to offer these products. RTG cranes have long been a central component of our portfolio, and these robust terminal tractors are perfect companions.”

Wider marketing, demand-driven further development

TPS will include the diesel-mechanical terminal tractors FYT 230 (4x2; four wheels, two-wheel drive) for container transport from quay to container stackyard, and the FR 270 (4x4; four-wheel drive) for RoRo operations, in its global offering. This will extend the markets served beyond the approach of CVS, which focused primarily on Europe and parts of Africa. “Moreover,” according to Klaus Peter Hoffmann, Vice President & Managing Director Terex Port Solutions, “TPS plans to further develop the machines in a customer-driven manner, open up applications and offer demand-appropriate options and variants. TPS will also quickly equip the machines with engines that comply with the EPA Tier 4 F (EU Stage IV) emissions standard, in order to be better equipped for the business in Europe and North America.”

Even better management of terminal infrastructures and processes

TPS offers its customers a wide range of vehicles for horizontal container transport. Besides several Terex Gottwald AGV models, TPS offers Terex straddle carriers and Terex sprinter carriers, and now terminal tractors. Hoffmann adds, “With our recently extended portfolio, we are even better equipped to manage all terminal infrastructures and processes in a professional and integrated manner. With the addition of terminal tractors, we now have in our range a vehicle more geared to environments characterized by RoRo.”