On January 28, 2026, Terex Corporation (NYSE: TEX) and REV Group, Inc. (NYSE: REVG) announced that they have successfully obtained the necessary stockholder approvals to finalize their anticipated merger. The approval came during each company's Special Meeting of Stockholders held on the same day, paving the way for what is expected to be a transformative partnership in the industrial equipment and specialty vehicles sectors.

1. Key Highlights from the Stockholder Votes

The results from the Special Meetings were overwhelmingly positive for both companies:

Terex Corporation: Over 95% of the votes cast by Terex stockholders were in favor of the stock issuance proposal related to the merger.

REV Group: More than 80% of the outstanding shares voted in favor of the REV merger proposal. Specifically, 99% of the votes cast supported the proposal, alongside over 96% approval for the REV advisory compensation proposal.

Both companies anticipate closing the transaction in the first week of February 2026, contingent on the fulfillment or waiver of remaining closing conditions.

2. Leadership Insights

Simon Meester, Chief Executive Officer of Terex, expressed enthusiasm about the merger's potential, stating, "Today's vote demonstrates our stockholders' confidence in our strategic combination with REV, which will create a stronger, more diversified company with a complementary portfolio of specialty equipment businesses." He further emphasized the enhanced financial flexibility and synergies expected to arise from the merger, positioning the new entity for sustainable, long-term growth.

Mark Skonieczny, Chief Executive Officer of REV, echoed similar sentiments, asserting that the approval solidifies their belief that the merger will unlock significant value for stockholders and create exciting opportunities for employees and customers. He highlighted the strengthened capability to innovate and deliver quality solutions as a key advantage of the merger.

3. The Companies: A Brief Overview

Terex Corporation

Terex is a global leader in industrial equipment manufacturing, specializing in materials processing machinery, waste and recycling solutions, and mobile elevating work platforms (MEWPs). With a commitment to sustainability, Terex designs products that minimize environmental impact, including electric and hybrid machinery. Their global manufacturing footprint spans North America, Europe, and Asia Pacific, catering to a diverse range of industries such as maintenance, manufacturing, energy, and construction.

REV Group

REV Group is recognized for designing and manufacturing specialty vehicles and related aftermarket parts. Its operations are divided into two primary segments: Specialty Vehicles, which includes emergency and commercial vehicles, and Recreational Vehicles, encompassing a variety of motorhomes and vans. The company's strong portfolio features many well-known vehicle brands, primarily serving the U.S. market.

4. Looking Ahead

The merger between Terex and REV is positioned to create a formidable entity in the industrial sector, combining their respective strengths to enhance market competitiveness. As both companies prepare for the transaction's closure, attention turns to the integration process and the realization of anticipated synergies.

The complete results of the Special Meetings will be documented in the respective companies' Form 8-K filings with the U.S. Securities and Exchange Commission, providing further insights into this significant corporate event.

In conclusion, the stockholder approval marks a pivotal moment for both Terex and REV Group, setting the stage for what could be a transformative chapter in their histories and the broader industrial landscape.

Original press release