Terex Completes Merger With REV Group

Reuters02-02
Terex Completes Merger With REV Group

Terex Corporation has provided an update regarding its transaction with REV, outlining anticipated benefits such as value-creating synergies, a lower capital intensity, and an attractive leverage profile for the combined company. The company noted potential challenges that could affect the realization of these benefits, including integration issues, changes in market conditions, and the response of customers and business partners. Terex also referenced ongoing exploration of strategic options for its Aerials segment, acknowledging that any resulting transaction may not occur on favorable terms or within expected timelines.

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