WATERTOWN, S.D. (April 17, 2018) – Terex Utilities, a leading manufacturer of equipment for the global electric utility industry, has announced today that they have chosen Watertown to consolidate its Watertown operations, adding millions of dollars in capital investment into the community.

The Watertown Development Company, along with the city of Watertown and the South Dakota Governor’s Office of Economic Development, have been working with Terex on their plans to build a new world class facility to manufacture it’s aerial devices, digger derricks and auger drills since August of 2017, competing with location options from other states.

Terex Utilities is a major employer in Watertown.

“It is always a win when an existing company commits to invest locally, but what makes this announcement even more impactful is the Terex growth strategy for the electrical utility industry,” said WDC Executive Director Chris Schilken. “As an industry leader with global expansion options, we are proud Terex made the decision to continue their investment here.”

Terex has chosen the location of their world-class facility on 55 acres of property located in Interstate Office Addition, partly owned by the Watertown Development Company and the Mallard Pointe Joint Venture Committee.

“This is an excellent example of how the Watertown Development Company is a valuable partner in Watertown’s growth,” said Schilken. “The Watertown Development Company works to assist businesses, to encourage growth and maintain viability for the long-term success of our community. It demonstrates that the Watertown Development Company’s long-term strategy of investing in infrastructure and real estate pays dividends for the community.”

A groundbreaking ceremony was held this morning. The company expects operations to begin in the new facility by the end of 2019.

The Watertown Development Company is a non-profit organization established to own and operate buildings, land and development areas for the economic benefit of Watertown. More information about the Watertown Development Company is available on its website: www.wdcsd.com, and on its Facebook page — www.facebook.com/watertownworks.

Terex Corporation is a global manufacturer of lifting and material processing products and services delivering lifecycle solutions that maximize customer return on investment. Major Terex brands include Terex, Genie, Powerscreen and Demag. Terex solutions serve a broad range of industries, including construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utilities, quarrying and mining. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information about Terex is available on its website: www.Terex.com, and on its LinkedIn page — www.linkedin.com/company/terex and Facebook page — www.facebook.com/TerexCorporation.