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flag Terex and REV Group merge in 2026 deal, creating a $7.8B specialty equipment firm with 58% ownership by Terex shareholders.

flag Terex and REV Group have agreed to merge in a stock and cash deal expected to close in 2026, forming a new specialty equipment company with $7.8 billion in projected 2025 net sales and 11% adjusted EBITDA margin. flag The combined firm, trading as TEX on the NYSE, will focus on emergency, waste, utilities, environmental, and materials processing sectors. flag Terex shareholders will own 58%, REV shareholders 42%. flag The deal aims to deliver $75 million in annual synergies by 2028, with half realized within a year. flag Terex CEO Simon Meester will lead the new company, and Terex plans to exit its Aerials segment through a sale or spin-off. flag Both boards have approved the transaction, which includes a $425 million cash payment to REV shareholders.

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