Terex, an American worldwide manufacturer of lifting and material handling solutions, agreed to acquire Environmental Solutions Group, a solid waste and recycling industry brands holding company, from Dover, an American conglomerate manufacturer of industrial products, for $2bn. "This acquisition announcement of ESG marks an incredibly exciting milestone in our multi-year transformation and aligns with our goal of strengthening our portfolio and leveraging our operating system to drive sustainable, accelerated long-term growth. ESG will add a non-cyclical, financially accretive, and market-leading business to Terex's portfolio with tangible synergies in the fast-growing waste and recycling end market. In addition, ESG is led by a world-class management team and has a strong track record of operational excellence. We look forward to welcoming the ESG team to Terex and driving long-term, sustainable value for all our stakeholders," Simon Meester, Terex President and CEO.