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Orenstein & Koppel

Orenstein & Koppel (normally abbreviated to "O&K") was a major German engineering company specialising in railway vehicles, escalators, and heavy equipment. It was founded on April 1, 1876 in Berlin by Benno Orenstein and Arthur Koppel.

Originally a general engineering company, O&K soon started to specialise in the manufacture of railway vehicles. The company also manufactured heavy equipment and escalators. O&K pulled out of the railway business in 1981. Its escalator-manufacturing division was spun off to the company's majority shareholder at the time, Friedrich Krupp AG Hoesch-Krupp, in 1996, leaving the company to focus primarily on construction machines. The construction-equipment business was sold to New Holland Construction, at the time part of the Fiat Group, in 1999. In 1998, Terex grew its mining business with the acquisitions of Payhauler and O&K Mining.