Terex (TEX) Invests in Viatec
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Terex Announces Investment in Viatec to Accelerate Electrification of Utilities Fleets
February 1, 2022 4:16 PM ESTNORWALK, Conn., Feb. 1, 2022 /PRNewswire/ -- Terex (NYSE: TEX) today announced its Series B investment in Viatec, Inc., a South Carolina-based manufacturer of plug-and-play electronic power take-off ("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.
