Terex Corporation announced the successful completion of its merger with REV Group to form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects. The planned merger was first announced by RV PRO on October 30, 2025. The combination of complementary portfolios will unlock significant value-creating synergies totaling $75 million of run-rate value in 2028, with approximately 50% to be achieved over the next 12 months.
Both Terex and REV Group have demonstrated their ability to successfully execute large integrations and deliver expected synergy value. In addition, the resulting combined company features lower capital intensity with an attractive leverage profile and strong free cash flow. The merger positions the company uniquely to accelerate profitable growth with a much more resilient top line.
The combined entity will trade on the New York Stock Exchange as Terex Corporation, replacing REV Group's stock. The completion of the merger marks a significant milestone in the history of both companies, creating a new leader in the specialty equipment market. With a diversified portfolio and strong growth prospects, the company is poised to capitalize on emerging trends and opportunities in the industry.
The synergy value created by the merger will drive long-term profitability and success for the combined entity. The merger also reflects the strategic vision of Simon Meester, Terex president and CEO, who has outlined a clear path forward for the company. By leveraging the best of both organizations, the company aims to create real value for customers and shareholders alike.
The resulting company is well-positioned to navigate the challenges and opportunities in the specialty equipment market, with a strong focus on innovation, customer satisfaction, and operational efficiency. As the industry continues to evolve, the combined entity will be well-equipped to capitalize on emerging trends and technologies.