Terex MP acquire MDS International
Irish acquisition set to bolster growth, improve product offering and fill gap in product line
TEREX Materials Processing (MP) have acquired MDS International (MDS), manufacturers of heavy-duty and recycling trommels, apron feeders and conveyor systems, based in Co. Monaghan, Ireland.
MDS were founded in 1995 by Liam and Una Murray, with a vision to design and develop engineering solutions for industry. Over the past 25 years, MDS has built a highly skilled workforce along with global distribution partners, and a reputation for innovation, offering bespoke solutions to serve client needs with equipment capable of withstanding the harshest environments.
Terex MP say the acquisition supports their growth strategy to expand their offering in the crushing and screening and environmental industries with products that complement their existing portfolio. Trommels from MDS are heavy-duty units that will allow expansion into areas of the market that Terex MP do not currently serve.
Additionally, Terex MP expect strong commercial synergies from the deal, as several Terex MP distributors already carry the MDS line, while others will be new to Terex, offering the potential to develop new channel partner relationships.
MDS International’s 34,000 square-foot facility will be the first Terex location in the Republic of Ireland, which diversifies the company’s footprint and provides access to a new labour pool but is within a short driving distance of the Terex Dungannon and Omagh sites, providing ready access to Terex MP’s Northern Irish team and allowing close co-ordination with the resources at these facilities.
The MDS facility and team members will be led by Conor Hegarty, general manager and business line director. Previously, Mr Hegarty held the position of international sales director for Terex Ecotec, and his commercial background and product knowledge will be a significant asset as he takes leadership responsibility for MDS.
MDS will remain a standalone brand along with Terex MP’s crushing and screening businesses, including Powerscreen, Terex Finlay and EvoQuip, and Terex MP say they will build on the momentum of MDS International’s long-standing reputation, continuing to develop the brand, its product portfolio and its distribution channels.
Commenting on the acquisition, Pat Brian, vice-president of mobile crushing and screening at Terex MP, said: ‘The addition of MDS to our portfolio of businesses will bolster our growth and improve our product offering. The business has been well managed, is on a terrific growth trajectory, and its heavy-duty trommels address a gap in our own product lines while also having a lot of synergy with what we already manufacture and distribute.’
Liam Murray, co-founder of MDS International, said: ‘I am so proud of how MDS has grown over the past 25 years — to have a multinational company like Terex interested in our business is a testament to what we have achieved.
‘MDS will now have the global resources of Terex to develop and grow to new levels; I feel this is the right move for our business and team. This sale will also bring new levels of support to customers and dealers worldwide.’
Mr Murray will remain with MDS for a period, to support a smooth transition to Terex ownership.