REDMOND, WASH. (January 26, 2009) – Terex Aerial Work Platforms (AWP), a business segment of the Terex Corporation (NYSE:TEX), announced today it has acquired assets of a refurbishment facility owned by United Rentals in Modesto, California. This acquisition is integral to the Company’s strategy of continuing growth and delivering value-added services for customers. The facility will cater to all customers with rebuild and refurbishment needs of Genie® aerial equipment, and at a later date, Terex® equipment as well.

“Our customers are increasingly expressing a need to rebuild and refurbish assets. This refurbishment center in Modesto will establish us in close proximity to significant installed bases for units in California, Nevada, Oregon and Arizona,” said Tim Ford, President, Terex AWP. “We are pleased to be able to provide additional value to our customers by offering them solutions that enhance value through their entire product lifecycle.”

The Modesto refurbishment center has been in business for 10 years, primarily repairing and refurbishing United Rentals’ aerial fleet. Along with the well established facility, Terex AWP will employ the 32 experienced Team Members. Branch Manager, John McPhedran, will report directly to Siva Balakrishnan, Vice President and General Manager of Global Services, Terex AWP.

“I’m looking forward to working with the team in Modesto,” said Balakrishnan. “They bring years of expertise and ability and will expand important services to our customers in the West.”

About Terex

Terex Corporation is a diversified global manufacturer with 2007 net sales of approximately $9.1 billion. Terex operates in five business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.