M&A Deal Summary

Terex Acquires REV

On October 30, 2025, Terex acquired automotive company REV for 9.0B USD

Acquisition Highlights
  • This is Terex’s 1st transaction in the Automotive sector.
  • This is Terex’s largest (disclosed) transaction.
  • This is Terex’s 15th transaction in the United States.
  • This is Terex’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2025-10-30
Target REV
Sector Automotive
Buyer(s) Terex
Deal Type Add-on Acquisition
Deal Value 9.0B USD
Advisor(s) J.P. Morgan Securities (Financial)
Davis Polk & Wardwell (Legal)

Target

REV

Brookfield, Wisconsin, United States
REV is a diversified manufacturer of specialty vehicles to North America, as well as export markets. REV operates in three industry segments, Commercial, Fire & Emergency, and Recreation Vehicles, and owns 27 vehicle brands. Within the Fire & Emergency segment, REV offers an extensive line of fire apparatus under the E-ONE and KME brand names. REV was founded in 2008 and is based in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Terex

Norwalk, Connecticut, United States

Category Company
Founded 1933
Sector Machinery
Employees11,400
Revenue 5.1B USD (2024)
DESCRIPTION
View of Terex's corporate headquarters in Westport, Connecticut.
View of Terex's corporate headquarters in Westport, Connecticut.

Terex is a diversified manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex was founded in 1933 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 23 of 23
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 16
State: Wisconsin M&A 2 of 2
Country: United States M&A 15 of 15
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Terex - Tower and Rough Terrain Cranes Businesses

Norwalk, Connecticut, United States

Terex's Tower and Rough Terrain Cranes Businesses include Terex Tower Cranes, Terex Rough Terrain Cranes, and the Terex North America Cranes service and support operations. Terex's Tower and Rough Terrain Cranes Businesses is based in Norwalk, Connecticut.

Sell -