Terex Corporation and REV Group Receive Stockholder Approval For Merger
Rhea-AI Summary
Terex (NYSE: TEX) and REV Group (NYSE: REVG) received stockholder approval for their merger on January 28, 2026. Terex reported >95% of votes cast were FOR its stock issuance; REV reported >80% of outstanding shares (over 99% of votes cast) FOR the merger.
The companies expect the transaction to close in the first week of February 2026, subject to remaining closing conditions, and cite projected synergies, diversification, and enhanced financial flexibility.
Positive
- Terex vote >95% FOR stock issuance
- REV vote >80% of outstanding shares FOR merger
- Expected close in first week of February 2026
- Combined strategy aims for diversified portfolio and synergies
Negative
- Closing conditions remain unsatisfied or waivable, delaying closing
- Integration risk from combining specialty equipment businesses
News Market Reaction
On the day this news was published, TEX declined 1.85%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TEX gained 1.41% alongside positive merger vote news. Peers showed mixed moves: REVG +1.3%, ALG +1.2%, BLBD +1.16%, while OSK -1.51% and AGCO -0.14%. No peers appeared in the momentum scanner, pointing to a stock-specific reaction rather than a broad sector rotation.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 30 | Strategic merger announcement | Positive | -15.7% | Announced definitive merger with REV and plans to exit Aerials segment. |
| Oct 08 | Acquisition completion | Positive | +0.9% | Closed acquisition of Environmental Solutions Group from Dover. |
| Sep 10 | HSR waiting expiration | Positive | -1.1% | HSR Act waiting period expired for ESG acquisition, clearing antitrust review. |
| Jul 22 | Acquisition announcement | Positive | +11.0% | Announced $2.0B ESG acquisition to build a leading waste and recycling platform. |
Acquisition and merger announcements have produced mixed reactions, including moves of -15.7% and 10.96%, indicating that deal news has sometimes led to sharp selloffs as well as rallies.
Over the past 18 months, Terex has used acquisitions and mergers to reshape its portfolio. The company pursued the $2.0 billion Environmental Solutions Group deal announced on Jul 22, 2024, cleared a key HSR milestone on Sep 10, 2024, and completed that acquisition by Oct 8, 2024. On Oct 30, 2025, Terex announced its strategic merger with REV Group. Today’s stockholder approval advances that same REV transaction toward an expected closing in early February 2026.
Historical Comparison
In the last four acquisition-related announcements, TEX moved an average of 7.18%. Today’s 1.41% gain on merger vote approval is comparatively muted but directionally consistent with generally constructive deal news.
Terex’s acquisition history shows a pattern of announcing deals, clearing regulatory milestones, and closing transactions, as seen with ESG from Jul 22, 2024 through Oct 8, 2024. The REV combination followed a similar path: strategic merger announcement on Oct 30, 2025, SEC registration filings, and now strong stockholder approvals ahead of the expected early February 2026 closing.
Market Pulse Summary
This announcement confirms decisive stockholder approval for the Terex–REV merger, with more than 95% support at Terex and over 99% of REV votes cast backing the deal. It advances a transaction first outlined on Oct 30, 2025, following prior SEC filings detailing terms and ownership splits. Investors may watch for satisfaction of remaining closing conditions ahead of the expected early February 2026 close and for subsequent disclosures on integration progress and realization of the planned synergies.
Key Terms
special meeting of stockholders regulatory
merger proposal regulatory
advisory compensation proposal regulatory
form 8-k regulatory
u.s. securities and exchange commission regulatory
AI-generated analysis. Not financial advice.
Transaction expected to close in the first week of February 2026
Based on the results of the votes at each of the Terex and REV Special Meetings, the companies expect to close the transaction in the first week of February 2026, subject to the satisfaction or waiver of the remaining closing conditions.
Simon Meester, Chief Executive Officer of Terex, commented: "Today's vote demonstrates our stockholders' confidence in our strategic combination with REV, which will create a stronger, more diversified company with a complementary portfolio of specialty equipment businesses, enhanced financial flexibility and significant value-creating synergies that position us for sustainable, long-term growth."
Mark Skonieczny, Chief Executive Officer of REV, commented: "These results solidify our belief that the transaction will unlock significant value for both Terex and REV stockholders and create exciting opportunities for our employees and customers by strengthening our ability to invest in the combined business, innovate and deliver quality solutions."
Special Meeting Stockholder Vote Results
- Terex: More than
95% of the votes cast by Terex stockholders entitled to vote thereon were voted "FOR" the Terex stock issuance proposal. - REV: More than
80% of the 48,806,145 outstanding shares of REV common stock (over99% of the votes cast at the meeting) entitled to vote thereon were voted "FOR" the REV merger proposal and more than96% of the votes cast either affirmatively or negatively thereon were voted "FOR" the REV advisory compensation proposal.
The complete results of both special meetings can be found in the respective companies' Form 8-Ks which will be filed with the
About Terex
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in
About REV Group
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, which involve risks and uncertainties. Any statements about REV's, Terex's or the combined company's plans, objectives, expectations, strategies, beliefs, or future performance or events and any other statements to the extent they are not statements of historical fact are forward-looking statements. Words, phrases or expressions such as "will," "creates," "anticipate," "believe," "could," "confident," "continue," "estimate," "expect," "forecast," "hope," "intend," "likely," "may," "might," "objective," "plan," "possible," "potential," "predict," "project", "target," "trend" and similar words, phrases or expressions are intended to identify forward looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are based on information available and assumptions made at the time the statements are made. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Forward-looking statements in this communication include, but are not limited to, statements about the expected completion of the transaction between REV and Terex (the "Transaction"), including the expected timing thereof and other statements that are not historical facts.
The following Transaction-related factors, among others, could cause actual results to differ materially from those expressed in or implied by forward-looking statements: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between REV and Terex; the possibility that the Transaction does not close when expected or at all because certain conditions to closing are not received or satisfied on a timely basis or at all; the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, trade policy (including tariff levels), laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which REV and Terex operate; any failure to promptly and effectively integrate the businesses of REV and Terex; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of REV's or Terex's customers, employees or other business partners, including those resulting from the announcement, pendency or completion of the Transaction; Terex's issuance of additional shares of its capital stock in connection with the Transaction; the risk that Terex's exploration of strategic options to exit its Aerials segment may not be successful or that any transaction entered into with respect to Terex's Aerials segment is not on favorable terms; and the diversion of management's attention and time to the Transaction and the exploration of strategic options with respect to the Terex Aerials segment and from ongoing business operations and opportunities; and the outcome of any legal proceedings that may be instituted against REV or Terex in connection with the Transaction.
Additional important factors relating to Terex and REV that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the risks and contingencies detailed in Terex's and REV's respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the
These factors are not necessarily all of the factors that could cause Terex's, REV's or the combined company's actual results, performance, or achievements to differ materially from those expressed in or implied by any forward-looking statements. Other unknown or unpredictable factors also could harm Terex's, REV's or the combined company's results.
All forward-looking statements attributable to Terex, REV, or the combined company, or persons acting on Terex's or REV's behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made, and Terex and REV do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If Terex or REV updates one or more forward-looking statements, no inference should be drawn that Terex or REV will make additional updates with respect to those or other forward-looking statements. Further information regarding Terex, REV and factors that could affect the forward-looking statements contained herein can be found in Terex's and REV's respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.
Contacts
Terex Contact
Derek Everitt
VP, Investor Relations
Derek.Everitt@terex.com
203-216-8524
REV Contacts
Drew Konop
VP, Investor Relations & Corporate Development
888-738-4037
investors@revgroup.com
Julie Nuernberg
Sr. Dr. Marketing & Communications
262-389-8620
julie.nuernberg@revgroup.com
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SOURCE Terex Corporation
FAQ
When will the Terex (TEX) and REV Group (REVG) merger close?
What were the stockholder vote results for Terex (TEX) on January 28, 2026?
How many REV Group (REVG) shares voted FOR the merger on January 28, 2026?
What strategic benefits do Terex (TEX) and REV (REVG) cite for the merger?
Will the Terex and REV merger immediately affect shareholders' ownership stakes?
Where can investors find the official voting results for the Terex and REV merger?
