Fire vehicles now part of Terex portfolio after REV Group merger
Iain Hoey
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Fire equipment portfolio after merger
Terex Corporation has completed its merger with REV Group, creating a combined specialty equipment manufacturer.
Terex Corporation announced the completion on 2 February 2026 in Norwalk, Connecticut.
The combined company will trade on the New York Stock Exchange as Terex Corporation under the ticker NYSE: TEX.
REV stock has ceased trading and is no longer listed on the New York Stock Exchange.
Terex’s portfolio now includes purpose-built fire appliances as part of its expanded specialty vehicle range.
The merger brings additional fire and emergency vehicles into Terex’s product line through REV Group’s existing capabilities.
Terex said its fire vehicles are designed for emergency services alongside ambulances and other specialty apparatus.
The combined business will manufacture and support fire vehicles through its global dealer parts and service network.
Integration plans and financial targets
Terex said the combination with REV Group is expected to deliver $75 million of run-rate value in 2028.
Terex said about 50% of that run-rate value is expected to be achieved over the next 12 months.
Simon Meester, Terex President and Chief Executive Officer, commented: “The combination with REV Group is a defining moment in Terex’s transformation.
“It creates a large-scale leader with a wide range of specialty equipment and a highly synergistic portfolio at the same time.
“The merger positions the company quite uniquely to accelerate profitable growth with a much more resilient top line,” Meester commented. “We look forward to leveraging the best of both organizations and creating real value for our customers and shareholders.”
Company scope and advisors
Terex said its portfolio includes specialty vehicles including fire, ambulance and Recreational Vehicles alongside waste collection vehicles and other equipment categories.
Barclays served as exclusive financial advisor to Terex, with Fried, Frank, Harris, Shriver & Jacobson and Pryor Cashman as legal counsel, and Joele Frank, Wilkinson Brimmer Katcher as strategic communications advisor.
J.P. Morgan served as exclusive financial advisor to REV Group, with Davis Polk & Wardwell as legal counsel, and Brunswick Group as strategic communications advisor.
The announcement sets out the combined company’s market listing arrangements and the integration targets described by Terex.