TEREX COMPLETES SALE OF MIDWEST RECREATIONAL VEHICLE BUSINESS

Rhea-AI Summary

Terex (NYSE: TEX) announced the sale of Midwest Automotive Designs to Alliance RV, LLC on Feb. 10, 2026.

Midwest had been part of the Recreational Vehicles segment of REV Group; Terex recently completed its merger with REV Group and completed the Midwest divestiture.

News Market Reaction – TEX

-3.70%

19 alerts

-3.70% Session close to close

+12.5% Peak in 2 hr 4 min

$7.86B Market Cap

0.2x Rel. Volume

In the Feb 10 session, TEX declined 3.70%, reflecting a moderate negative market reaction. Argus tracked a peak move of +12.5% during that session. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement continues Terex’s portfolio reshaping following completion of the REV Group merger...

Analysis

This announcement continues Terex’s portfolio reshaping following completion of the REV Group merger on Feb 2, 2026. The sale of Midwest Automotive Designs to Alliance RV narrows exposure to the recreational vehicle segment and follows earlier divestitures like the crane businesses in Nov 2025. Investors may watch how management redeploys capital, delivers on projected merger synergies, and communicates on upcoming earnings to assess the impact of this streamlining.

Historical Context

5 past events · Latest: Feb 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 02	Merger completion	Positive	+3.5%	Completion of merger with REV Group and synergy targets outlined.
Jan 28	Merger approval	Positive	-1.9%	Shareholder approvals for Terex–REV merger and expected synergies.
Jan 28	Earnings call setup	Neutral	-2.8%	Announcement of Q4 and year-end 2025 results conference call schedule.
Nov 03	Business divestiture	Positive	+0.1%	Sale of Tower and Rough Terrain Cranes businesses as part of strategy.
Oct 30	Quarterly earnings	Positive	-15.7%	Q3 2025 results with strong sales, profits and maintained EPS outlook.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent history shows positive strategic announcements (merger completion, portfolio divestitures) often seeing modest positive or flat reactions, while some clearly positive catalysts like earnings or merger approvals have coincided with notable downside moves.

Recent Company History

Over the past few months, Terex has focused on portfolio reshaping and a transformative merger. The company completed its merger with REV Group on Feb 2, 2026 after strong stockholder approval on Jan 28, 2026. Earlier, Terex divested its Tower and Rough Terrain Cranes businesses on Nov 3, 2025. Q3 2025 earnings on Oct 30, 2025 showed solid sales and profitability but were followed by a sharp decline, highlighting sensitivity to financial results despite strategic progress. Today’s RV business sale fits the ongoing portfolio streamlining.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NORWALK, Conn., Feb. 10, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced the successful sale of Midwest Automotive Designs ("Midwest") to Alliance RV, LLC.  Previously, Midwest operated within the Recreational Vehicles segment of REV Group. Terex recently completed its merger with REV Group.

About Terex

Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential.

We design and manufacture advanced specialty vehicles—including fire, ambulance, and recreational vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and true value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment.

With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders.

For more information, please visit www.terex.com.

Contact

Derek Everitt
VP, Investor Relations
derek.Everitt@terex.com
203-216-8524

View original content to download multimedia:https://www.prnewswire.com/news-releases/terex-completes-sale-of-midwest-recreational-vehicle-business-302682913.html

SOURCE Terex Corporation

FAQ

What did Terex (TEX) announce on February 10, 2026 regarding Midwest Automotive Designs?

Terex announced the successful sale of Midwest Automotive Designs to Alliance RV, LLC. According to the company, Midwest was previously part of REV Group's Recreational Vehicles segment and the divestiture followed Terex's completed merger with REV Group.

How does the Midwest sale affect Terex's business structure (TEX)?

The sale removes Midwest Automotive Designs from Terex's consolidated operations following the merger. According to the company, Midwest had operated within REV Group's Recreational Vehicles segment prior to the completed divestiture and merger.

Who acquired Midwest Automotive Designs from Terex (NYSE: TEX) and when was the transaction announced?

Alliance RV, LLC acquired Midwest Automotive Designs; Terex announced the sale on February 10, 2026. According to the company, the transaction closed after Terex completed its merger with REV Group.

Will the Midwest divestiture change Terex's (TEX) involvement in recreational vehicles?

The divestiture transfers Midwest operations to Alliance RV, reducing Terex's direct involvement in that recreational vehicle business. According to the company, Midwest previously operated inside REV Group's Recreational Vehicles segment before the sale.