M&A
confidence high
sentiment positive
materiality 0.85
Terex to acquire Dover's ESG for $2B ($1.725B net of tax benefits)
TEREX CORP
- Purchase price $2B all-cash; net $1.725B after $275M present value of expected tax benefits.
- Transaction valued at ~8.4x 2024E EBITDA including run-rate synergies.
- Expected to close H2 2024, subject to regulatory approvals and customary conditions.
- Double-digit adjusted EPS accretion expected in 2025; ~$25M cost and revenue synergies by 2026.
- Committed financing from UBS ($1.545B); pro forma net leverage ~2.2x in 2024.