Terex to acquire REV Group in stock-and-cash deal; targets $75M synergies by 2028

TEREX CORP

Terex to acquire REV Group for 0.9809 TEX shares + $8.71 cash per REV share.
Combined company to be a leading specialty equipment manufacturer; $75M run-rate synergies targeted by 2028.
Terex also announces plans to exit its Aerials segment via sale or spin-off.
Simon Meester to remain CEO; board will have 12 directors, 5 from REV.
Transaction subject to HSR, stockholder approvals; expected close by April 2026 with possible extensions.

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