Terex and Rev Group Announce Strategic Merger, Creating a Leading Specialty Equipment Manufacturer; Terex Announces Plans to Exit its Aerials Segment

October 30, 2025 – Norwalk, CT & Brookfield, WI. — (BUSINESS WIRE) – Terex Corporation (NYSE: TEX) (“Terex”) and REV Group (NYSE: REVG) (“REV Group”) today announced that they have entered into a definitive merger agreement to merge in a stock and cash transaction (“the Merger”) to form a leading specialty equipment manufacturer.

The Merger will create a diversified leader in emergency, waste, utilities, environmental and materials processing equipment with attractive end markets characterized by low cyclicality, resilient demand and long-term growth profiles. With a substantial U.S. manufacturing footprint, the combined organization will be well-positioned to benefit from domestic demand growth.

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