AcquisitionsJul 31, 2026, 01:08 PM
Terex Completes REV Group Acquisition; Files Pro Forma Financials
AI Summary
Terex Corporation completed the acquisition of REV Group, Inc. on February 2, 2026, for a provisional purchase consideration of $3,384 million, involving $426 million in cash and the issuance of 47.9 million Terex shares. This filing provides unaudited condensed consolidated financial statements for REV Group as of January 31, 2026, and for the three months ended January 31, 2026 and 2025. It also includes unaudited pro forma condensed combined statements of operations for Terex for the six months ended June 30, 2026, and the year ended December 31, 2025, reflecting the merger as if it occurred on January 1, 2025. The pro forma financial information is for illustrative purposes only.
Key Highlights
- Acquisition of REV Group, Inc. completed on February 2, 2026.
- Provisional purchase consideration for REV Group was $3,384 million.
- Terex issued 47.9 million new shares for the acquisition.
- Pro forma combined net sales for 6 months ended June 30, 2026: $4,162 million.
- Pro forma combined net income for 6 months ended June 30, 2026: $135 million.
- Pro forma combined net sales for year ended Dec 31, 2025: $7,885 million.
- Pro forma combined net income for year ended Dec 31, 2025: $58 million.
- REV Group sold Midwest Automotive Designs on February 9, 2026.
Price Impact
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