US equipment maker, Terex Corporation, has agreed to acquire Keestrack, the Belgian maker of mobile crushers and screens.
The family business dates back to 1988, when Kees and Annet Hoogendoorn left the Netherlands for Limburg in their twenties and set up Keestrack, and so does its private ownership.
Between 1994 and 1996, Kees developed the K6 direct-feed screen, and the company’s first machine followed in 1996. From there, Keestrack built its own production base. It also opened a facility in Šternberk (Czech Republic) in 2001 and set up a Chinese subsidiary in Chuzhou in 2007.
In 2010, Keestrack turned to M&A to grow further, when it bought Italian jaw crusher maker OM. Two years later, the company rolled out its first plug-in machine. Meanwhile, the second generation moved into leadership.
Peter Hoogendoorn (Kees’s son) became a director of Keestrack in 2011 and its managing director in 2014.
Sales more than doubled in four years, from €40 million in 2012 to €85 million in 2016, by which time Keestrack ranked around sixth in the world mobile crushing and screening market. That year (2016), Keestrack opened a US headquarters in Krum, Texas, followed by subsidiaries in India (2017) and Turkey (2023).
Frederik (known as Freek) Hoogendoorn joined the board in 2017 and has served as managing director since 2019 through PFH BV.
In 2021, when Italian tractor maker Goldoni started closing down, Keestrack was the only candidate to take it on, stating it was drawn to Goldoni for its rich traditional family values. Peter – then VP of Operations – also pointed to the tractor company’s production systems, suppliers and dealer network as appealing. Keestrack kept 110 of the 179 workers. That year, consolidated sales reached about €125 million, with 820 staff.
“Our success lies in the high level of mobility and flexibility of our sustained technology,” Kees notes.
The next stretch
For the sale to Terex, the family again worked with Deloitte, which has guided Keestrack and its family shareholders for more than 20 years, through its various expansions. The advisory firm brought together its corporate finance, legal and tax teams for the deal, including the extensive family-business expertise of Kristof Cox (a partner in Deloitte’s Business & Commercial Law team for North-East Belgium and an accredited mediator for family businesses), Walter Meurs (a senior director in Deloitte’s Private Tax & Legal line with more than 20 years in M&A and family reorganisation tax) and Frank Schouteden (who works with SMEs in Keestrack’s home province of Limburg). From Deloitte's perspective, the sale is “an exciting milestone for the business and an important next chapter in its growth journey”.
Keestrack will join Terex Materials Processing, the segment behind brands such as Powerscreen, Finlay, Cedarapids and EvoQuip, and will continue to operate as an independent brand within its portfolio. “Terex MP provides a strong platform for Keestrack’s next phase. Its approach allows Keestrack to maintain its brand and customer focus while gaining access to additional resources and capabilities," Kees explains.
For Terex, the deal expands MP’s crushing and screening range and adds manufacturing and distribution capabilities. “Keestrack is a complementary addition to our aggregates portfolio, with established products, manufacturing capabilities and distribution,” explains Pat Brian, vice president of Terex Aggregates. In the third quarter of 2026, MP bookings rose 41 percent to $511 million and its backlog nearly doubled to $676 million, a two-year high.
Once the deal closes (expected in the fourth quarter of 2026), Peter and Frederik will continue in leadership roles at Keestrack, while Kees and Annet will support the business during a transition period.
“We look forward to working with the Keestrack team following completion of the transaction,” Pat concludes.
