Genie and Terex Corporation have announced that Terex is making a Series A investment in Acculon Energy, a Columbus, Ohio-based engineering and connectivity company focused on developing the next generation of electrification solutions for non-automotive equipment applications. The goal of the investment is to accelerate the electrification of mobile elevating work platforms (MEWPs).
Since its founding more than 55 years ago, Genie, which is owned by Terex, has been developing, growing and evolving within the aerials industry. Acculon, through its founders, has 13 years of experience operating at the forefront of advanced battery technology solutions. By partnering with Acculon, Genie is looking to reinforce its role as a leader in the electrification of the industry.
“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. “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 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 capabilities in certifying battery-enabled systems.
According to Terex, the partnership between Genie and Acculon will build on Genie’s position as an industry leader in the electrification of the aerials industry, accelerating the progress on current and future development projects.
“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 president, Andrew Thomas.