[6] The origins of Terex date to 1933, when the Euclid Company was founded by George A. Armington to build hauling dump trucks.

Due to a 1968 Justice Department ruling, GM was required to stop manufacturing and selling off-highway trucks in the United States for four years and divest the Euclid brand.

GM coined the "Terex" name in 1968 from the Latin words "terra" (earth) and "rex" (king) for its construction equipment products and trucks not covered by the ruling.

General Motors sold the Terex division to German firm IBH Holding AG led by Horst-Dieter Esch de in 1980.

Products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, Terex Utility equipment (including digger derricks and insulated aerial devices) and telehandlers, as well as replacement parts.

Its market-leading brands include Heil, Marathon, Curotto-Can, Bayne Thinline, Parts Central, and digital solutions 3rd Eye and Soft-Pak.

Fuisz alleged that Terex employees reported that the vehicles were manufactured at the request of the CIA and British Intelligence and were destined for service within the Iraqi military.