The acquisition will allow CK Power to expand its equipment offerings and capabilities with Terramac carriers in North America, while growing its footprint in various energy markets.
CK Power, a manufacturer, distributor and service provider of power generation and off-highway mobile power solutions, acquired Terramac effective Jan. 1, 2021. Terramac is a manufacturer of rubber track crawler carriers.
The acquisition will allow CK Power to expand its equipment offerings and capabilities with Terramac carriers in North America, while growing its footprint in various energy markets.
"We see tremendous value in the Terramac product line," said Clayton Costello, VP of marketing and corporate strategy at CK Power. "Terramac carriers are rugged and durable machines that are modernizing remote access construction across an infinite number of markets. We're confident our acquisition will result in offering more productivity for our customers while strengthening our partnerships."
The integration of both companies is under way and Terramac will continue to operate under its existing brand and base location in Elburn, Ill. Current infrastructure and the Terramac dealer network will leverage CK Power's extensive knowledge and expertise in manufacturing and distribution.
"Terramac has a strong reputation for providing versatile off-road equipment solutions to a variety of industries," said Matt Slater, vice president of sales and marketing at Terramac. "We're excited for this acquisition as it will expand our opportunities for growth from a manufacturing and distribution standpoint while enhancing our customer service."
For more information about CK Power, visit ckpower.com.
For more information about Terramac, visit Terramac.com.
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