Terex Completes REV Group Merger, Expands Board Governance

The latest update is out from Terex ( (TEX) ).

On February 2, 2026, Terex completed its previously announced merger with REV Group, issuing Terex stock and cash as consideration for REV shares, converting REV equity awards into Terex awards and restricted cash, and resulting in REV shares being delisted from the New York Stock Exchange as the combined business continues under the Terex ticker. The transaction creates a larger, more diversified specialty equipment manufacturer that management says will benefit from $75 million of run-rate synergies by 2028 and a stronger free cash flow and leverage profile; it also reshapes Terex’s board, expanding it to 12 members, with two long-serving directors resigning (one moving to a director emeritus role) and five former REV directors joining as independent directors on key committees, signaling an integration that brings REV’s leadership directly into Terex’s governance structure.

The most recent analyst rating on (TEX) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Terex stock, see the TEX Stock Forecast page.

Spark’s Take on TEX Stock

According to Spark, TipRanks’ AI Analyst, TEX is a Outperform.

The score is supported primarily by solid financial performance (notably cash flow strength and improved leverage) and constructive technical trends. This is tempered by margin/ROE pressure and a relatively high P/E with a modest dividend, while the merger narrative adds upside potential alongside execution and Aerial-divestiture timing risk.

To see Spark’s full report on TEX stock, click here.

More about Terex

Terex Corporation is a global leader in specialized equipment solutions serving essential sectors such as emergency services, waste and recycling, utilities and construction. The company designs and manufactures advanced specialty vehicles including fire, ambulance and recreational vehicles, as well as waste collection trucks, materials processing machinery, mobile elevating work platforms and equipment for the electric utility industry, supported by a global dealer, parts and service network and digital lifecycle solutions. With a strong manufacturing base in the United States and operations across Europe, India and Asia-Pacific, Terex targets resilient, high-demand markets with a strategy focused on innovation, portfolio diversification and consistent profitable growth for shareholders.

Average Trading Volume: 1,249,309

Technical Sentiment Signal: Buy

Current Market Cap: $3.74B

See more data about TEX stock on TipRanks’ Stock Analysis page.