Terex completed the acquisition of REV Group for $3.2bn.

Terex, an American global manufacturer of industrial equipment, completed the acquisition of REV Group, an American manufacturer of specialty vehicles and related aftermarket parts and services, for $3.2bn. "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. We look forward to leveraging the best of both organizations and creating real value for our customers and shareholders," Simon Meester, Terex President & Chief Executive Officer.