February 2, 2026 | Press Release

REV Group announced its merger with Terex Corporation, a global specialized equipment solutions company, on February 2. The merger will form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects.

"The combination with REV Group is a defining moment in Terex's transformation. It creates a large-scale leader with a wide range of specialty equipment and a highly synergistic portfolio at the same time. The merger positions the company quite uniquely to accelerate profitable growth with a much more resilient top line," commented Simon Meester, Terex President & Chief Executive Officer. "We look forward to leveraging the best of both organizations and creating real value for our customers and shareholders."

Combining the 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 twelve 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.

In connection with the completion of the merger, REV stock ceased trading and is no longer listed on the New York Stock Exchange. The combined company will trade on the New York Stock Exchange as Terex Corporation (NYSE: TEX).

Terex designs and manufactures advanced specialty vehicles – including fire, ambulance and recreational vehicles.