Leadership and Long-Term Vision
Simon Meester, Terex’s CEO, will helm the merged company, while Mark Skonieczny, CEO of REV, will join the board. Both executives emphasized that the merger represents a strategic evolution rather than just expansion.
“By merging our complementary portfolios, we are creating a diversified industrial leader poised for sustained growth,” Meester said. Skonieczny echoed the sentiment, calling the merger “a natural step toward building a more profitable and resilient company.”
Focus on Growth, Stability, and Diversification
The union strengthens both firms’ foothold in steady, less cyclical markets such as emergency response and municipal services—areas increasingly appealing to investors seeking industrial stability amid economic fluctuations.
As part of the restructuring, Terex also plans to sell or spin off its Aerials segment, reducing exposure to the volatile construction market.
Both companies’ boards have unanimously approved the merger, which is expected to close in the first half of 2026 pending regulatory and shareholder approvals.
