Terex Corporation and REV Group have completed their merger, creating a combined company positioned as a leading manufacturer of specialty equipment with a diversified portfolio and strong growth prospects.
The merger brings together complementary product offerings across essential industries, including emergency services, waste and recycling, utilities, and construction. By combining their respective capabilities, the two companies aim to strengthen scale, enhance portfolio resilience, and improve long-term financial performance.
Company leadership described the transaction as a significant step in Terex’s ongoing transformation, noting that the combined organization is uniquely positioned to pursue profitable growth with a more resilient revenue base. The merger is expected to unlock operational and financial benefits through portfolio synergies and improved efficiency.
Terex estimates that the combination will generate approximately 75 million dollars in annual run-rate synergies by 2028, with roughly half of that value expected to be realized within the first year following the merger’s completion. The combined company is also expected to benefit from lower capital intensity, an attractive leverage profile, and strong free cash flow generation.
As a result of the transaction, REV Group shares have ceased trading and are no longer listed on the New York Stock Exchange. The combined organization will continue to operate and trade under the Terex Corporation name.
Terex serves customers globally through a broad portfolio of specialty vehicles and equipment, including fire and emergency vehicles, waste collection systems, materials processing machinery, mobile elevating work platforms, and equipment for electric utility applications. With manufacturing operations in the United States and an international footprint across Europe, India, and the Asia-Pacific region, the company aims to leverage its expanded scale and diversified offerings to support customers across critical end markets.