Terex Completes Merger With REV Group

Dubai (PlantAndEquipment.com) - A larger specialty equipment manufacturer with a diversified product portfolio and an improved growth profile has been established as a result of the merger between Terex Corporation and REV Group.

The transaction is anticipated to generate $75 million in annual run-rate synergies by 2028, with approximately half of these benefits being achieved within the first year of completion. This is achieved by combining complementary equipment offerings.

Terex Corporation (NYSE: TEX) will continue to be the name under which the consolidated company is traded on the New York Stock Exchange.

The merger is a critical milestone in Terex's strategy to establish a more resilient, scalable platform in the specialty equipment market. The merger will capitalize on the integration expertise of both organizations to facilitate long-term profitable development.