IMK 14. oktobar was established by Austrian and Hungarian investors in 1923 as Company specialized in wagons repair and manufacture.

It was named in a memorial of the date when Kruševac was liberated form Nazi occupation in 1944.

[4] In 2015, after sanctions, NATO bombing, therefore years of accumulated business losses, the company has suspended its production of mobile civil engineering machines.

[4][6][7] After the purchase, Prosecutor's Office of the Republic of Macedonia launched an investigation against former Macedonian head of the Administration for Security and Counterintelligence Sašo Mijalkov, on suspicion for money laundering and suspicious connections to the "Czechoslovak Group".

[8] Tracked tractor Wheel loader Excavator Agriculture machinery [13] [15]