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Terex Corporation and REV Group Receive Stockholder Approval For Merger
Prnewswire· 2026-01-28 21:05
Core Viewpoint - The merger between Terex Corporation and REV Group has received necessary stockholder approvals, with the transaction expected to close in the first week of February 2026, pending remaining closing conditions [1][2]. Company Overview Terex Corporation - Terex is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry [5]. - The company focuses on providing lifecycle support and complementary digital solutions to maximize customer investment returns, including environmentally friendly products such as electric and hybrid offerings [5]. REV Group, Inc. - REV Group designs and manufactures specialty vehicles and related aftermarket parts, serving a diversified customer base primarily in the United States [6]. - The company operates through two segments: Specialty Vehicles, which includes public service vehicles, and Recreational Vehicles, which encompasses a range of RVs [6]. Merger Details - Over 95% of Terex stockholders voted in favor of the stock issuance proposal, while more than 80% of REV's outstanding shares voted in favor of the merger proposal [7]. - The merger is expected to create a stronger, more diversified company with enhanced financial flexibility and significant synergies, positioning both companies for sustainable long-term growth [2][7].
Terex Names Namita Jindal Chief AI & Data Officer
Prnewswire· 2026-01-19 17:05
Core Insights - Terex Corporation has appointed Namita Jindal as Senior Vice President and Chief AI and Data Officer, effective immediately [1] - Jindal brings over two decades of experience in digital transformation, previously serving as Chief Information Officer at CentralSquare Technologies and holding key roles at Honeywell Intelligrated [2][3] - The appointment is expected to enhance Terex's digital strategy and operational efficiency, contributing to a more profitable company [3] Company Overview - Terex Corporation is a global manufacturer of industrial equipment, specializing in materials processing machinery, waste and recycling solutions, and mobile elevating work platforms [4] - The company designs and supports products used across various industries, including maintenance, manufacturing, energy, and construction, while also focusing on environmental sustainability through electric and hybrid offerings [4] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [4]
Terex Updates Third Quarter 2025 Financial Results Conference Call Date
Prnewswire· 2025-10-20 20:05
Core Points - Terex Corporation will hold a conference call to review its third quarter 2025 financial results on October 30, 2025, at 8:30 a.m. Eastern Time, hosted by the President and CEO Simon Meester and CFO Jennifer Kong-Picarello [1][4] - Financial results will be available on the company's investor relations website prior to the call, and participants are encouraged to access the webcast 15 minutes early [2] Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and entertainment [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] - The company emphasizes environmentally friendly products, including electric and hybrid offerings that are quiet and emission-free, as well as products that support renewable energy and aid in waste recovery [3] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [3]
Terex Announces Third Quarter 2025 Financial Results Conference Call
Prnewswire· 2025-10-17 12:00
Core Points - Terex Corporation will host a conference call to discuss its third quarter 2025 financial results on October 31, 2025, at 8:30 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [2] Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company focuses on providing lifecycle support and complementary digital solutions to maximize customer investment returns, while also offering products that reduce environmental impact, including electric and hybrid options [3] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [3]
Terex Announces Re-Pricing of Term Loan
Prnewswire· 2025-08-12 20:05
Core Insights - Terex Corporation has completed a re-pricing of its term loan, which is expected to reduce cash interest costs by approximately $3 million annually [1] - The new term loan rate is set at S+175bps, improving by 25bps from the previous rate [2] Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [2] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry [2] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [2] - The company focuses on environmentally friendly products, including electric and hybrid offerings that provide quiet and emission-free performance, as well as products that support renewable energy and aid in waste recovery [2] - Terex products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide [2]
Terex Announces Second Quarter 2025 Financial Results Conference Call
Prnewswire· 2025-07-17 11:05
Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] Environmental Initiatives - Certain Terex products and solutions are designed to reduce environmental impact, including electric and hybrid offerings that provide quiet and emission-free performance [3] - The company also offers products that support renewable energy and aid in the recovery of useful materials from various types of waste [3] Financial Results Announcement - Terex Corporation will host a conference call to review its second quarter 2025 financial results on July 31, 2025, at 8:30 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [1]
Terex Announces First Quarter 2025 Financial Results Conference Call
Prnewswire· 2025-04-16 17:15
Company Overview - Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry [3] - The company designs, builds, and supports products used across various sectors including maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry [3] - Terex provides lifecycle support through a global parts and services organization and offers digital solutions to maximize customer investment returns [3] Environmental Initiatives - Certain Terex products and solutions are designed to reduce environmental impact, including electric and hybrid offerings that provide quiet and emission-free performance [3] - The company also supports renewable energy and aids in the recovery of useful materials from various types of waste [3] Upcoming Financial Results - Terex Corporation will host a conference call to review its first quarter 2025 financial results on May 2, 2025, at 8:00 a.m. Eastern Time [1] - The financial results will be available on the company's investor relations website prior to the call [1]